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    1005 Neil St Champaign, IL 61820

    For Lease
    $22 SF/Yr ($10,758 /Mo)

    Modern Retail/Office Suite - High Traffic Area

    Lot size:
    5,868 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A retail or office space, located at 1005 S Neil St, Champaign, IL 61820, offers 1,105 square feet of versatile space within a newly constructed (2020) single-story building. The property is part of a three-suite strip center situated on the high-traffic Neil Street Corridor, boasting an average daily traffic count of 20,800 vehicles. The suite features an open-concept layout with a smaller back-office area, providing flexibility for various business needs. The space can be easily reconfigured to accommodate private offices or maintained as an open retail or office space, catering to diverse business requirements. Ample on-site parking is available for tenants and customers. The location benefits from excellent proximity to the University of Illinois and its sporting venues, while remaining conveniently close to downtown Champaign. The total building size is 5,868 square feet, with a minimum divisible space of 1,105 square feet and a maximum contiguous space of 1,105 square feet. The property is zoned for commercial use and is cross-street accessible via Avondale. This prime location and modern amenities make this an ideal opportunity for businesses seeking high visibility and convenient access to a thriving community.

    Property Features for 1005 Neil St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,868 SF
    Class
    A
    Total Rate
    10758

    Building Details

    Year Built
    2020
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 3
    Size
    1,497 SF
    Rate per SF
    $22

    HighLights

    • Newer construction.
    • Open‑plan retail/office space.
    • High‑traffic location on South Neil Street.
    • Excellent University of Illinois access at the Neil & Stadium intersection.
    • Immediately available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CU Property Management Property Management Company LIVE Real Estate ... Real Estate Agency El Toro Mexican Restaurant Jonathan Gossett - LIVE ... Real Estate Agent Apricot Lane Boutique Boutique

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.243767
    Latitude
    40.10439

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    FAQs

    What type of property is this?
    Neighborhood center - Modern Retail/Office Suite - High Traffic Area
    Where is this neighborhood center located?
    The property is located at 1005 Neil St Champaign, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Newer construction.; Open-plan retail/office space.; High-traffic location on South Neil Street.
    Request Owner's contact information
    1005 Neil St 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
    1005 Neil St Champaign, IL 61820
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