Mixed-Use Building with
New
For Lease
Contact for pricing
320 N Neil St, Champaign, IL 61820
A two-story commercial venue is paired with an upstairs apartment, offering distinct uses within one property.
Space Size7,485 SF
Days on Market6
Property Features for 320 N Neil St
General Information
Standard status
Active
Size
7,485 SF
Property subtype
RETAIL
Zoning
CB2
Space & Availability
Floor
Ground + Basement
Space Use
Bar/Pub
Additional Details
Sprinkler System
Yes
Amenities
handicap-accessible entrance
handicap-accessible restrooms
mezzanine areas
walk-in cooler
Building Details
Stories
2
Building Size
7,485 SF
Construction
masonry
Tenancy
Multi
Spaces For Lease
at 320 N Neil St
320 N Neil St
$20/SF/Yr
Floor
Bldg
Size
7,485 SF
Type
RETAIL
Availability
AVAILABLE, Now
Sublease
No
- Property can be leased or purchased
- Prime mixed-use property located in the heart of downtown Champaign at 320 N Neil St
- Zoned CB2 (Central Business Downtown)
- Two-story masonry brick building with 5,865 SF above grade plus 1,620 SF basement
- First floor configured for nightclub/bar use
- Features include a 28' bar, sprinkler and alarm systems, emergency lighting, and strong mechanical infrastructure
- Handicap-accessible entrance and restrooms
- Mezzanine areas on the main level
- Basement offers storage, walk-in cooler, and mechanical space with interior and rear access
- Second-floor, well-maintained two-bedroom, two-bath apartment
- Apartment features 14' ceilings, fireplace, and separate HVAC and electrical service
- Apartment currently leased for $1,800 per month with lease through 07/31/2026
- Rental income helps offset operating costs of the commercial space below
- Surrounded by downtown restaurants, nightlife, and mixed-use development
Contact us
Listing Agency:
Green Street Realty - Corporate
(217) 356-8750
Listed By:
Shannon Collins · License #475178418
(217) 493-3776
Source:
Moodyscre
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:25PM
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 Realty - Corporate
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Investment Insights
Based on property information with market context.
This two-story masonry building combines a first-floor bar and nightclub layout with a second-floor, two-bedroom, two-bath apartment. The commercial space includes mezzanine areas, a 28-foot bar, sprinkler and alarm systems, emergency lighting, and accessible entry and restrooms. The 5,865-square-foot above-grade area is complemented by a 1,620-square-foot basement with storage, a walk-in cooler, mechanical space, and interior and rear access.
The apartment features 14-foot ceilings, a fireplace, and separate HVAC and electrical service. It is leased through July 31, 2026. The property is zoned CB2 (Central Business Downtown) and is situated in downtown Champaign among restaurants, nightlife, and mixed-use development.
The apartment features 14-foot ceilings, a fireplace, and separate HVAC and electrical service. It is leased through July 31, 2026. The property is zoned CB2 (Central Business Downtown) and is situated in downtown Champaign among restaurants, nightlife, and mixed-use development.
Key Highlights
- 5,865 square feet above grade with a 1,620‑square‑foot basement
- First floor configured for bar and nightclub use, with mezzanine areas and a 28‑foot bar
- Second‑floor apartment has two bedrooms, two bathrooms, 14‑foot ceilings, and a fireplace
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,334
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-story commercial venue is paired with an upstairs apartment, offering distinct uses within one property.
Where is this mixed-use property 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: 5,865 square feet above grade with a 1,620‑square‑foot basement; First floor configured for bar and nightclub use, with mezzanine areas and a 28‑foot bar; Second‑floor apartment has two bedrooms, two bathrooms, 14‑foot ceilings, and a fireplace
