Prime Development Land in
For Sale
$5,950,000
234 S Neil Street, Champaign, IL 61820
3.307 acres of development land in Champaign, Illinois.
Property Size3 SF
Price / SF$1,983,333
Days on Market345
Property Features for 234 S Neil Street
General Information
Standard status
Active
Size
3 SF
Property subtype
Development
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 352-7712
Listed By:
Josh Markiewicz, CCIM
(217) 352-7712
Source:
Cbcworldwide
Added: Sep 10, 2025
Changed: May 21
Last Checked: Apr 9 at 9:00PM
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 Coldwell Banker Commercial Devonshire Realty
Investment Insights
Based on property information with market context.
An opportunity exists to acquire approximately 3.307 acres of development land in Champaign, Illinois. The property is located at the convergence of Downtown, Midtown, and Campustown. It consists of 10 parcels totaling approximately 144,053 square feet. There are 8 vacant buildings across the parcels that were built between 1915 and 1980. The site is mixed-zoned CB1 – Central Business Urban Fringe and CB2 – Central Business Downtown. CB1 zoning allows for a maximum building height of 85 feet and CB2 allows for 115 feet, while neither zoning classification has any setback, open space reserve (OSR) or floor to area ratio (FAR) requirements. It may be possible for a buyer to assemble additional parcels to create an even larger development site.
Key Highlights
- Prime development land: 3.307 acres in Champaign, Illinois.
- Located at the convergence of Downtown, Midtown, and Campustown.
- Flexible zoning (CB1 and CB2) with potential for high‑rise development (85' and 115' height limits).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,624
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - 3.307 acres of development land in Champaign, Illinois.
Where is this commercial land located?
The property is located at 234 S Neil Street Champaign, IL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Prime development land: 3.307 acres in Champaign, Illinois.; Located at the convergence of Downtown, Midtown, and Campustown.; Flexible zoning (CB1 and CB2) with potential for high‑rise development (85' and 115' height limits).
