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    1512 Neil St Champaign, IL 61820

    Sponsored
    For Sale
    $2,300,000

    Prime Commercial Land, High Visibility, I-74 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 3.2-acre commercial land parcel presents a unique investment opportunity in Champaign, Illinois. Located at 1512 N Neil St, 61820, this property boasts an unparalleled location at the southeast corner of the Neil Street and Interstate 74 interchange, offering exceptional visibility and accessibility. The site benefits from high traffic counts due to its strategic position on a signalized intersection, making it ideal for a variety of commercial developments. Its proximity to downtown Champaign and the University of Illinois provides a strong customer base, while its location near Costco further enhances its appeal. The property is zoned for commercial use, allowing for a wide range of development possibilities. The "build-to-suit" potential allows for flexibility in design and construction to meet specific business needs. This prime location offers a gateway to the vibrant downtown area and the University of Illinois, ensuring high visibility and significant foot traffic. The asking price for this exceptional property is $2,300,000. Don't miss this chance to acquire a highly desirable commercial land parcel in a thriving market.

    Property Features for 1512 Neil St

    General Information

    Property type
    Land
    Lot Size
    139,392 SF

    HighLights

    • High‑traffic location.
    • Excellent visibility near a major shopping mall.
    • Prime location at the gateway to downtown Champaign and the University of Illinois.
    • Convenient interstate access.
    • Signalized intersection for optimal visibility.
    • Build‑to‑suit opportunities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Diamond Buildings LLC Portable Building Manufacturer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2428879
    Latitude
    40.132304

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Visibility, I-74 Access
    Where is this land located?
    The property is located at 1512 Neil St Champaign, IL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: High-traffic location.; Excellent visibility near a major shopping mall.; Prime location at the gateway to downtown Champaign and the University of Illinois.
    Request Owner's contact information
    1512 Neil St Champaign, IL 61820
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    Champaign, IL 61820
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1512 Neil St Champaign, IL 61820
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