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    102 Neil St Champaign, IL 61820

    Sponsored
    For Lease
    $15 SF/Yr

    Prime location, flexible space, high visibility.

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional office suite, located at 102 S Neil St, Champaign, IL 61820, offers 1,750 to 3,500 square feet of adaptable space in a beautifully renovated building. Situated on the high-traffic corner of Neil Street and University Avenue, this second-floor suite boasts unparalleled visibility, placing your business in the heart of downtown Champaign's bustling business district. The building, constructed in 1902, features four stories and has undergone complete exterior renovations. The first floor is occupied by a prominent architectural firm, underscoring the building's desirability. This suite is sub-dividable, accommodating either a single tenant or two, and is conveniently located near major businesses such as Christie Clinic and Busey Bank. Parking is available for rent in nearby private lots. The building includes common male and female restrooms, and an elevator will be installed upon lease commencement. The landlord is willing to collaborate with tenants on build-out requirements, offering flexibility to customize the space to meet specific needs, or the space can be leased "as is." The property's zoning is CB2, and its APN is 42-20-12-476-001. The total building size is 20,000 square feet, with 3,500 square feet currently vacant. This is a rare opportunity to establish a presence in a thriving, high-traffic area.

    Property Features for 102 Neil St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    25000

    Building Details

    Year Built
    1902
    Stories
    4

    Unit(s) available at that property

    Space
    2nd Floor Office Suite
    Size
    3,500 SF
    Rate per SF
    $15

    HighLights

    • 1,750‑3,500 SF of adaptable office space in a renovated building at 102 S Neil St, Champaign, IL.
    • High‑visibility second‑floor suite on the corner of Neil St & University Ave, in downtown Champaign's business district.
    • Sub‑dividable suite, suitable for one or two tenants, near Christie Clinic and Busey Bank.
    • Nearby private parking lots available for rent.
    • Landlord offers build‑out flexibility and "as is" lease options; elevator installation upon lease commencement.
    • CB2 zoning; APN 42‑20‑12‑476‑001.
    Property Profile Location Intelligence

    Current Use by Public Records

    City of Champaign City Government Office City of Champaign Legal ... City Government Office City of Champaign Human ... City Government Office Champaign Liquor Commissioner City Government Office Champaign City Finance ... City Government Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -88.2432661
    Latitude
    40.1161206

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    FAQs

    What type of property is this?
    Medical office - Prime location, flexible space, high visibility.
    Where is this medical office located?
    The property is located at 102 Neil St Champaign, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 1,750-3,500 SF of adaptable office space in a renovated building at 102 S Neil St, Champaign, IL.; High-visibility second-floor suite on the corner of Neil St & University Ave, in downtown Champaign's business district.; Sub-dividable suite, suitable for one or two tenants, near Christie Clinic and Busey Bank.
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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
    102 Neil St Champaign, IL 61820
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