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    1905 N Neil St Champaign, IL 61820

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    For Sale
    Contact for pricing

    5,200 SF building with drive-thru on 1.52 acres.

    Property size:
    5,200 SF
    Lot size:
    1.51 Acres

    Property Features for 1905 N Neil St

    General Information

    Size
    5,200 SF
    Lot size
    1.51 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Richard Harrington

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Champaign Freestanding Building with Drive-Thru

    Available for sale or lease is a 5,200 square foot freestanding single-tenant building, formerly a restaurant, featuring a drive-thru and ample parking. The property is situated on a 1.52 acre site. Its location is directly across from Market Place Mall and less than one mile from Interstate 74, offering a highly visible location within one of Champaign’s popular shopping destinations. Tenant improvement packages are available for qualified tenants.
    Insight Report Location Intelligence

    Current Use by Public Records

    Oberweis Ice Cream ... Ice Cream Shop That Burger Joint Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2460022
    Latitude
    40.0929804

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    FAQs

    What type of property is this?
    Drive through restaurant - 5,200 SF building with drive-thru on 1.52 acres.
    Where is this drive through restaurant located?
    The property is located at 1905 N Neil St Champaign, IL.
    What are key features of this property?
    This property features: - Prime 1.52 acre site directly across from Market Place Mall.; - **5,200 SF freestanding single-tenant building (former restaurant) with drive-thru.**; - Ample parking.
    (217) 352-7712
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    1905 N Neil St Champaign, IL 61820
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1905 N Neil St Champaign, IL 61820
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