Two-Story Mixed-Use
For Sale
$1,250,000
320 N Neil Street, Champaign, IL 61820
COMMERCIAL - Champaign, IL
Property SizeContact for details
Lot Size0.08 Acres
Days on Market190
Property Features for 320 N Neil Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Heading south on Neil Street, continue past Washington Street, and the property will be located on the east side of the road.
Subdivision
Champaign, Savoy
Standard status
Active
APN
422012427008
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT PT 17 BLOCK 3 RAILROAD ADD
Tax Annual Amount
13136
Legal Description
LOT PT 17 BLOCK 3 RAILROAD ADD
Utilities
Cooling system
Central Air
Amenities
alarm system
handicap-accessible entrance
handicap-accessible restrooms
emergency lighting
mezzanine areas
walk-in cooler
fireplace
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Building materials
Brick
Listing Agency:
Green Street Realty
(217) 356-8750
Listed By:
Shannon Collins · License #ILLINOIS475.178418
(217) 356-8750
Added: Feb 10
Changed: Aug 4
Last Checked: Aug 19 at 4:06PM
MLS# 12559693
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story brick property at 320 N Neil Street combines commercial entertainment space with residential use. The building contains 5,865 SF above grade and a 1,620 SF basement. The first floor is arranged for bar or nightclub operations, with a 28-foot bar, mezzanine areas, accessible entry and restrooms, sprinkler and alarm systems, emergency lighting, and substantial mechanical infrastructure. The lower level adds storage, a walk-in cooler, mechanical space, and both interior and rear access.
The second floor features a two-bedroom, two-bath apartment with 14-foot ceilings and a fireplace. Separate HVAC and electrical service serve the residential area, which has a lease in place through 07/31/2026. The property is in downtown Champaign among restaurants, nightlife venues, and mixed-use development.
The second floor features a two-bedroom, two-bath apartment with 14-foot ceilings and a fireplace. Separate HVAC and electrical service serve the residential area, which has a lease in place through 07/31/2026. The property is in downtown Champaign among restaurants, nightlife venues, and mixed-use development.
Key Highlights
- 5,865 SF above‑grade building with a 1,620 SF basement
- First‑floor bar/nightclub layout with a 28' bar and mezzanine areas
- Two‑bedroom, two‑bath apartment on the second floor
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown commercial entertainment space with an upper-level two-bedroom apartment and separate building systems.
Where is this mixed-use property located?
The property is located at 320 N Neil Street Champaign, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5,865 SF above‑grade building with a 1,620 SF basement; First‑floor bar/nightclub layout with a 28' bar and mezzanine areas; Two‑bedroom, two‑bath apartment on the second floor
