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    2003 Neil St Champaign, IL 61820

    Sponsored
    For Lease
    $29 SF/Yr

    1,420 SF Retail Suite in Prime Location

    Lot size:
    13,959 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,420-square-foot retail space is situated within a 13,959-square-foot, Class A, single-story building constructed in 2017. Located at 2003 S Neil St, Champaign, IL 61820, this unit offers a highly desirable open floor plan, perfect for a variety of businesses. Features include a reception area, restroom, small office, and a large central open area. The space is equipped with a 3.5-ton HVAC unit and robust 3-phase, 4-wire, 225-amp, 208V electrical service. A sprinkler system ensures safety. Benefit from high visibility and easy accessibility, with prominent signage opportunities on the building facade and pylon sign. This property is part of the Carriage Center development, a thriving 17-acre commercial hub on the Neil Street corridor, anchored by Harvest Market and surrounded by numerous other businesses including Ace Hardware, Home2 Suites by Hilton, Starbucks, and more. Its strategic location near the University of Illinois (56,000+ students and 11,000+ faculty/staff), a major office park, and the University of Illinois Research Park ensures high foot traffic and a strong customer base. The property is zoned CG - Commercial General (APN: 45-20-24-251-023, 024, Champaign County). This is a rare opportunity to establish your business in a vibrant and high-traffic area. Minimum leaseable space is 1,420 square feet.

    Property Features for 2003 Neil St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,959 SF
    Class
    A
    Total Rate
    33734.25

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    2003
    Size
    1,420 SF
    Rate per SF
    $29

    HighLights

    • 1,420 SF retail space in a 13,959 SF Class A building (2017 construction) at 2003 S Neil St, Champaign, IL.
    • Open floor plan with reception, restroom, small office, and large central area; 3.5‑ton HVAC, 225‑amp 208V electrical service, and sprinkler system.
    • High visibility with prominent signage opportunities; located in the Carriage Center, a 17‑acre commercial hub anchored by Harvest Market, near the University of Illinois.
    • Zoned CG - Commercial General (APN: 45‑20‑24‑251‑023, 024). Minimum lease 1,420 SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Joint Chiropractic Chiropractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.246174
    Latitude
    40.092171

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    FAQs

    What type of property is this?
    Office Property / Space - 1,420 SF Retail Suite in Prime Location
    Where is this office property / space located?
    The property is located at 2003 Neil St Champaign, IL.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: 1,420 SF retail space in a 13,959 SF Class A building (2017 construction) at 2003 S Neil St, Champaign, IL.; Open floor plan with reception, restroom, small office, and large central area; 3.5-ton HVAC, 225-amp 208V electrical service, and sprinkler system.; High visibility with prominent signage opportunities; located in the Carriage Center, a 17-acre commercial hub anchored by Harvest Market, near the University of Illinois.
    Request Owner's contact information
    2003 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
    2003 Neil St Champaign, IL 61820
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