Downtown Storefront Space with
For Lease
$20 SF/Yr
118 N Neil Street, Champaign, IL 61820
Flexible retail or restaurant space with outdoor seating, basement storage, and available owner-owned kitchen equipment.
Space SizeContact for details
Days on Market296
Property Features for 118 N Neil Street
General Information
Standard status
Active
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$37,465
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:
Birdrealtysells
Added: Nov 8, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:35PM
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.
This 1,468 SF storefront at 118 N Neil Street provides a downtown Champaign setting for retail or restaurant operations. The space includes an outdoor patio for customer seating, a basement suitable for storage, and existing kitchen equipment owned by the property owner that is available for purchase. The premises previously operated as an ice cream shop and may also accommodate café or bar concepts.
The property is positioned along Neil Street within downtown Champaign, surrounded by restaurants, bars, retail shops, and the downtown plaza. Street parking and a public parking garage are nearby, while the location offers pedestrian and vehicle visibility. Zoning is COMMR. The tenant is responsible for gas, electric, water/sewer, interior maintenance, HVAC, plumbing, and electrical systems.
The property is positioned along Neil Street within downtown Champaign, surrounded by restaurants, bars, retail shops, and the downtown plaza. Street parking and a public parking garage are nearby, while the location offers pedestrian and vehicle visibility. Zoning is COMMR. The tenant is responsible for gas, electric, water/sewer, interior maintenance, HVAC, plumbing, and electrical systems.
Key Highlights
- 1,468 SF storefront at 118 N Neil Street in downtown Champaign
- Outdoor patio provides space for customer seating
- Basement area offers additional storage
Property Analytics
Current Use
Lease Details
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
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible retail or restaurant space with outdoor seating, basement storage, and available owner-owned kitchen equipment.
Where is this storefront property located?
The property is located at 118 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: 1,468 SF storefront at 118 N Neil Street in downtown Champaign; Outdoor patio provides space for customer seating; Basement area offers additional storage
