Restaurant Space with Outdoor
For Lease
$20 SF/Yr
116 N Neil Street, Champaign, IL 61820
Downtown commercial space includes basement storage and kitchen equipment available separately from the premises.
Space Size1,600 SF
Days on Market297
Property Features for 116 N Neil Street
General Information
Standard status
Active
Size
1,600 SF
Net Rentable
1,600 SF
Zoning
COMMR
Space & Availability
Available Space
1,600 SF
Contiguous Space
1,600 SF
Space Use
Retail/Restaurant
Site & Location
Road Access
Yes
Utilities to Site
Yes
Restaurant
Patio
Yes
Equipment Included
No
Taxes and HOA fees
Annual Taxes
$37,465
Amenities
basement storage
Building Details
Year Built
1920
Stories
2
Listing Agency:
GUTH & ASSOCIATES, LLC
(217) 355-2545
Listed By:
Jill Guth · License #471020488
(217) 355-2545
Source:
Allinonerealestateco
Added: Nov 8, 2025
Changed: Aug 31
Last Checked: Aug 2 at 6:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GUTH & ASSOCIATES, LLC
Investment Insights
Based on property information with market context.
Restaurant-oriented commercial space in downtown Champaign with an outdoor patio for guest seating and a basement area for storage. Existing kitchen equipment owned by the property owner is available for separate purchase, supporting continued restaurant, cafe, or bar use. The space previously operated as a cafe-style shop and is zoned COMMR.
The property is positioned on Neil Street near a mix of restaurants, bars, retail shops, and the downtown plaza. Street parking and a public parking garage are located nearby. The tenant is responsible for gas, electric, water and sewer, interior maintenance, and maintenance of the HVAC, plumbing, and electrical systems.
The property is positioned on Neil Street near a mix of restaurants, bars, retail shops, and the downtown plaza. Street parking and a public parking garage are located nearby. The tenant is responsible for gas, electric, water and sewer, interior maintenance, and maintenance of the HVAC, plumbing, and electrical systems.
Key Highlights
- Outdoor patio provides guest seating
- Basement area available for additional storage
- Owner‑owned kitchen equipment available for separate purchase
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,534
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61820, IL
40,822
Population
18,672
Households
2.2
Avg Household Size
25
Median Age
55%
College-Educated
93%
High-School Grad
5.9 sq mi
ZIP Area
6,919
Density / Sq Mi
$31,031
Median Household Income
$14,828
Median Earnings
$1,077
Median Rent
$175,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Downtown commercial space includes basement storage and kitchen equipment available separately from the premises.
Where is this conventional restaurant located?
The property is located at 116 N Neil Street Champaign, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Outdoor patio provides guest seating; Basement area available for additional storage; Owner‑owned kitchen equipment available for separate purchase
