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    Champaign, IL
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    Champaign, IL Mixed-use Properties for Sale

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    Downtown Champaign Mixed-Use Building
    Updated: Feb 10
    Downtown Champaign Mixed-Use Building

    320 N Neil Street, Champaign, IL 61820

    $1,250,000
    5,865 sqft 0.08 AC lot
    Prime downtown location in Champaign's central business district (CB2 zoning).
    Mixed‑use property with income‑generating two‑bedroom apartment, leased through 07/31/2026 at $1,800/month.
    First floor configured for nightclub/bar use with existing 28' bar, sprinkler system, and handicap accessibility.
    Spacious 5,865 SF above grade plus 1,620 SF basement with walk‑in cooler and storage.
    Second‑floor apartment features 14' ceilings, fireplace, and separate HVAC and electrical service.
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    This listing looks promising.

    Here's a quick look at some key insights for

    320 N Neil Street, Champaign, IL 61820

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    • Est. Cap Rate

      3.3%
      NOI ÷ price

    • Est. NOI

      $41K
      Annual

    • Mortgage

      $1M
      Aug 2023

    • Last Sold

      Aug 2023
      $1.25M
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    1913 Historic Mixed-Use Building
    Updated: Dec 12, 2024
    1913 Historic Mixed-Use Building

    41 E. University Avenue, Champaign, IL 61820

    $3,850,000
    0.29 AC lot
    Historic 1913 Illinois Traction Building designed by architect Joseph Royer in Contemporary Commercial Style
    Added to the National Register of Historic Places (2006) with large windows on all sides for natural light and city views
    Building materials include brick, concrete, stone, glass, and steel siding
    Central air cooling and flooring types include concrete, vinyl, carpet, wood, and tile
    Natural gas is available; roof includes membrane and rubber systems
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    Champaign Mixed-Use Property For Sale
    Champaign Mixed-Use Property For Sale

    1306 Parkland Ct, Champaign, IL 61821

    $5,300,000
    25,000 sqft 1.85 AC lot

    1.85-acre property with three buildings in Champaign, Illinois.

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    Based on your search, we've compiled 70 Potential Opportunities for your consideration. Besides 3 Active listings in Champaign, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Versatile Lakefront Headquarters Building
    Versatile Lakefront Headquarters Building

    500 S 27th St, Decatur, IL 62521

    $2,750,000
    153,021 sqft 25.80 AC lot

    Former Illinois Power HQ with versatile space on 25.8 acres.

    View details
    Mixed-Use Downtown Office/Retail
    Mixed-Use Downtown Office/Retail

    146 N Vermilion St, Danville, IL 61832

    $120,000
    4,800 sqft

    Two buildings under one roof offer flexible office and retail configurations plus shared parking and storage.

    View details
    Two-Story Brick Building in Danville
    Two-Story Brick Building in Danville

    200 N Vermilion St, Danville, IL 61832

    $525,000
    56,465 sqft

    Versatile building in Danville's business district, ready for transformation.

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    Versatile Commercial Space For Sale
    Versatile Commercial Space For Sale

    3180 N Woodford St, Decatur, IL 62526

    $150,000
    6,400 sqft

    Adaptable office/retail space with ample parking and high traffic.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Glen Avenue Commercial Development Opportunity
    Glen Avenue Commercial Development Opportunity

    1105 W Glen Ave, Peoria, IL 61614

    $275,000
    0.80 AC lot

    Prime commercial land for development in Peoria's retail corridor.

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    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    8215 N ALLEN Road, Peoria, IL 61615

    $1,300,000
    2.92 AC lot

    3-acre commercial land in high-traffic Peoria area.

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    Frankfort Land for Mixed-Use Development
    Frankfort Land for Mixed-Use Development

    795 Center Road, Frankfort, IL 60423

    Contact for pricing
    11.00 AC lot

    Approximately 11 acres of land for mixed-use development.

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    Cedar Lake B1-Zoned Lot
    Cedar Lake B1-Zoned Lot

    13405 Morse Street, Cedar Lake, IN 46303

    $279,000
    0.88 AC lot

    Versatile 0.88-acre lot in high-traffic Cedar Lake location.

    View details

    Off-Market Properties in Champaign, IL

    Consider similar Off-Market properties in Champaign, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    512 John St
    STORES & APARTMENTS

    512 John St, Champaign, IL 61820-5704

    Value Estimation by Request
    View details
    Champaign, IL 61820
    STORES & APARTMENTS

    Champaign, IL 61820

    $4,310,000
    Estimated value
    View details
    703 Prospect Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    703 Prospect Ave, Champaign, IL 61820-2812

    Value Estimation by Request
    View details
    515 Hickory St
    STORES & APARTMENTS

    515 Hickory St, Champaign, IL 61820-3621

    Value Estimation by Request
    View details
    505 5th St
    OFFICE/RESIDENTIAL (MIXED USE)

    505 5th St, Champaign, IL 61820-5564

    $2,500,000
    Estimated value
    View details
    405 Neil St
    OFFICE/RESIDENTIAL (MIXED USE)

    405 Neil St, Champaign, IL 61820-5264

    $550,000
    Estimated value
    View details
    601 Wright St
    STORE/OFFICE (MIXED USE)

    601 Wright St, Champaign, IL 61820-5709

    Value Estimation by Request
    View details
    1720 Anthony Dr
    OFFICE/RESIDENTIAL (MIXED USE)

    1720 Anthony Dr, Champaign, IL 61821-1128

    $3,400,000
    Estimated value
    8.63 AC lot
    View details
    807 Springfield Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    807 Springfield Ave, Champaign, IL 61820-4724

    $730,000
    Estimated value
    View details
    206 1st St
    STORES & APARTMENTS

    206 1st St, Champaign, IL 61820-4120

    Value Estimation by Request
    View details
    508 1st St
    OFFICE/RESIDENTIAL (MIXED USE)

    508 1st St, Champaign, IL 61820-7924

    Value Estimation by Request
    View details
    406 Kenwood Rd
    OFFICE/RESIDENTIAL (MIXED USE)

    406 Kenwood Rd, Champaign, IL 61821-3606

    Value Estimation by Request
    View details
    71 Chester St
    OFFICE/RESIDENTIAL (MIXED USE)

    71 Chester St, Champaign, IL 61820-4149

    $1,000,000
    Estimated value
    View details
    704 4th St
    OFFICE/RESIDENTIAL (MIXED USE)

    704 4th St, Champaign, IL 61820-3123

    Value Estimation by Request
    View details
    713 6th St
    STORES & APARTMENTS

    713 6th St, Champaign, IL 61820-5715

    $2,000,000
    Estimated value
    View details
    221 Locust St
    STORES & APARTMENTS

    221 Locust St, Champaign, IL 61820-4184

    Value Estimation by Request
    View details
    219 Locust St
    OFFICE/RESIDENTIAL (MIXED USE)

    219 Locust St, Champaign, IL 61820-4125

    Value Estimation by Request
    View details
    403 12th E Grn St
    STORES & APARTMENTS

    403 12th E Grn St, Champaign, IL 61820-8123

    $2,170,000
    Estimated value
    View details
    621 Grn St
    STORES & APARTMENTS

    621 Grn St, Champaign, IL 61820-5701

    $2,960,000
    Estimated value
    View details
    509 Grn St
    STORES & APARTMENTS

    509 Grn St, Champaign, IL 61820-5722

    $3,100,000
    Estimated value
    View details
    519 Grn St
    STORES & APARTMENTS

    519 Grn St, Champaign, IL 61820-5719

    $10,100,000
    Estimated value
    View details

    Champaign, IL Mixed-Use Properties Market Trends and Statistics

    Explore 62 mixed-use properties for sale in Champaign, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 71,493 square feet of properties for sale, with an estimated market value of $12,395,000.

    Sale prices for multi use buildings in Champaign, IL start at $1,250,000, averaging $3,098,750, and reaching up to $5,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 96K
    Population Growth (5Y) +1.5%
    Median Household Income $62,086
    College Educated 42.5%

    High-Yield Neighborhoods for Investment

    Identify Champaign submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61822 $1.3M
    61820 $2.7M
    61821 $5.3M

    Taxes & Financing

    Tax Rate (average for all types) 8.86%
    Property Tax per SF $37.00 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Champaign County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Champaign fall within the 100,000+ square foot range.

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