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Move-In Ready Retail Suite
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723 S Neil St, Champaign, IL 61820

Move-in ready retail space includes an open plan, drop ceiling, lighting, and direct access from Williams St or the west entrance.

Space Size2,140 SF
Days on Market181

Property Features for 723 S Neil St

General Information

Standard status Active
Size 2,140 SF
Property subtype RETAIL
Lease Type Gross

Spaces For Lease

at 723 S Neil St
723 S Neil St $16/SF/Yr
Floor 1
Size 2,140 SF
Type RETAIL
Lease Type GROSS
Availability AVAILABLE, Now
Sublease No
- The space is move in ready with stained concrete floorings, drop ceiling and lighting in place. The space is 2,140 SF with an open floor plan. Additional feature to the space is a large bank vault that can be turned into an office, storage room, or unique feature to the space. The property has common area restrooms and direct access from Williams St. or customers can use the west entrance to the building. Signage is available above the facade of the space and along Neil Street.
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Listing Agency: Coldwell Banker Commercial Devonshire Realty
Listed By: Zach Wetherell
Source: Moodyscre
Added: Apr 24 Changed: Oct 11 Last Checked: Oct 20 at 10:15PM

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

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Investment Insights

Based on property information with market context.

This move-in ready retail suite offers stained concrete flooring, a drop ceiling with lighting in place, and an open floor plan sized for a single tenant. The space also includes a large bank vault that could be adapted for an office, storage room, or another distinctive feature within the unit. Common area restrooms are available for occupants and customers.

The suite has direct access from Williams St, and customers may also use the west entrance to the building. Signage is available above the facade of the space and along Neil Street.

Key Highlights

  • Move‑in ready retail space with stained concrete floors, drop ceiling, and lighting in place
  • 2,140 SF open floor plan
  • Large bank vault included—can be converted into an office or storage room

Property Analytics

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Current Use

The Upper Bout (Bike/Boat/Book/etc) Store Green Star Dumpster ... Trucking Company Melissa Larson Studios Marketing & Advertising Vape Vault (Bike/Boat/Book/etc) Store Sean Fraser Guitar ... Training Center

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service Auto Parts Store Storage Facility 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

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,508
Businesses Nearby
7k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 100%
Meatheads Dining
5,136 visits/mo 0.4 miles
Papa John's Pizza Dining
2,333 visits/mo 0.4 miles

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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Market

Lease Benchmarks for Champaign, IL

$18.8 /SF/Yr
Avg Asking Price
$17–$23 /SF/Yr
Price Range
9,306 SF
Avg Space Size

This space is priced 15% below the average of $18.8 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Move-in ready retail space includes an open plan, drop ceiling, lighting, and direct access from Williams St or the west entrance.
Where is this retail space located?
The property is located at 723 S Neil St Champaign, IL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Move‑in ready retail space with stained concrete floors, drop ceiling, and lighting in place; 2,140 SF open floor plan; Large bank vault included—can be converted into an office or storage room
(217) 821-8553 Call to check price and availability
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