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Mixed-Use Property with Parking
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715 S Neil St, Champaign, IL 61820

Retail, office, and residential components occupy a multi-parcel commercial property with dedicated parking and garage space.

Property SizeContact for details
Lot Size1.20 Acres
Days on Market145

Property Features for 715 S Neil St

General Information

Standard status Active
Total Parking Spaces 70
Lot size 1.20 Acres
Property subtype Retail, Office, Mixed Use

Additional Details

Anchor Co-Tenants M Sushi, Keen Tile, Bob's Pet Grooming, Maverick Snacks and Confection

Building Details

Year Built 1946
Tenancy Multi
Listing Agency: Coldwell Banker Commercial Devonshire Realty
Listed By: CBCDR Marketing · License #IL
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 3:40PM

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.

This mixed-use property combines retail, office, and multifamily components across four individual parcels totaling 1.20 acres. The improvements date to 1946 and include a three-bedroom apartment with a garage, along with a second garage that generates additional rental income. Mechanical updates include newer AC units installed within the last two years and a furnace replaced last year.

Two parking lots provide approximately 70 spaces. The commercial occupancy includes M Sushi restaurant, Keen Tile, Bob’s Pet Grooming, and Maverick Snacks and Confection. The property also has a history of long-term tenants, supporting its established mix of retail, office, and residential uses.

Key Highlights

  • Four individual parcels totaling 1.20 acres
  • Approximately 70 parking spaces across two parking lots
  • Mixed‑use configuration with retail, office, and multifamily components

Property Analytics

Current Use

Keen Tile Hardware & Home Improvement Bob's Pet Grooming Pet Grooming Service Keen Tile Inc. General Contractor Champaign Music Kabob Restaurant Dumpling Noodle BBQ Restaurant

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service Storage Facility Auto Parts Store Pet Grooming Service (Bike/Boat/Book/etc) Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,508
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Retail, office, and residential components occupy a multi-parcel commercial property with dedicated parking and garage space.
Where is this mixed-use property located?
The property is located at 715 S Neil St Champaign, IL.
What are key features of this property?
This property features: Four individual parcels totaling 1.20 acres; Approximately 70 parking spaces across two parking lots; Mixed‑use configuration with retail, office, and multifamily components
More about this property
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