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Downtown Champaign Mixed-Use Property
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320 N Neil St, Champaign, IL 61820

Two-story building in downtown Champaign, ideal for restaurant/bar use.

Space Size5,090 SF
Property Size7,485 SF
Days on Market197

Property Features for 320 N Neil St

General Information

Standard status Active
Size 5,090 SF
Property subtype Restaurant
Lease Type Modified Gross

Building Details

Building Size 7,485 SF
Tenancy Single

Spaces For Lease

at 320 N Neil St Contact us

Available Space

Size
5,090 SF
Type
Restaurant
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Green Street Reality
Listed By: Shannon Collins · License #Illinois 475.178418
Source: Crexi
Added: Feb 11 Changed: Aug 13 Last Checked: Aug 26 at 3:59PM

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 Green Street Reality

Investment Insights

Based on property information with market context.

Located in downtown Champaign at 320 N Neil St, this two-story masonry brick building offers 3,4705 square feet on the main floor, along with a 1,620 square foot basement. The property is zoned CB2 (Central Business Downtown). The first floor is configured for nightclub or bar use and includes a 28-foot bar, sprinkler and alarm systems, a handicap-accessible entrance and restrooms, emergency lighting, and mezzanine areas. Strong mechanical infrastructure is in place. The basement provides storage, a walk-in cooler, and mechanical space with interior and rear access. The property is located among downtown restaurants, nightlife, and mixed-use development.

Key Highlights

  • Prime downtown Champaign location at 320 N Neil St.
  • CB2 (Central Business Downtown) zoning allows for mixed‑use development.
  • 3,470 SF main floor plus 1,620 SF basement provides ample space.**

Property Analytics

Current Use

Progressive Car Insurance Financial Advisor Anthem Bar Nightclub

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service Pet Grooming Service Butcher Nursing Home Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,334
Businesses Nearby
Well-served
Demand for This Use

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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • T.W. Tavern 39 E Green St, Champaign, IL 61820
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  • Green Street Cafe 35 E Green St, Champaign, IL 61820
  • The Alamo 605 s 1st st, champaign, il 61820
  • Kam's 102 E Green St STE 104, Champaign, IL 61820

Frequently Asked Questions

What type of property is this?
Bar & Pub - Two-story building in downtown Champaign, ideal for restaurant/bar use.
Where is this bar & pub located?
The property is located at 320 N Neil St Champaign, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Prime downtown Champaign location at 320 N Neil St.; CB2 (Central Business Downtown) zoning allows for mixed‑use development.; 3,470 SF main floor plus 1,620 SF basement provides ample space.**
(217) 356-8750 Call to check price and availability
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