320 N Neil Street, Champaign, IL 61820
COMMERCIAL - Champaign, IL
- Added:
- Feb 10, 2026
- Days on Market:
- 138
- Last Refresh:
- Jun 28 at 4:06 am
Property Features for 320 N Neil Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 422012427008
- Size
- 5,865 SF
- 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
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick
Listing agent Shannon Collins License #ILLINOIS475.178418 (217) 356-8750
Listing office Green Street Realty 510 S. Neil St., Champaign, IL (217) 356-8750
Listing date Feb 10, 2026
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.
HighLights
- Prime downtown location in Champaign's central business district (CB2 zoning).
- Mixed‑use property with income‑generating two‑bedroom apartment, leased through 07/31/2026 at $1,800/month.
- First floor configured for nightclub/bar use with existing 28' bar, sprinkler system, and handicap accessibility.
- Spacious 5,865 SF above grade plus 1,620 SF basement with walk‑in cooler and storage.
- Second‑floor apartment features 14' ceilings, fireplace, and separate HVAC and electrical service.
- Strong mechanical infrastructure and updated systems (sprinkler, alarm, emergency lighting) in place.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.6k | $15.96 |
| − Vacancy | −$5.2k | −$0.89 |
| EGI | $88.4k | $15.07 |
| − OpEx | −$22.1k | −$3.77 |
| NOI | $66.3k | $11.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2431137
- Latitude
- 40.118759
