Technical
Financial
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Property profile

205 Neil St Champaign, IL 61820

OFF-MARKET
Retail properties & Spaces
4,655 SF
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Property summary

AI-generated overview

This exceptional 4,655-square-foot Class A office space, located at 205 N Neil St in Downtown Champaign, IL 61820, is a blank vanilla box ready for build-to-suit customization. The two-story building, renovated in 2024, offers a single-tenant occupancy and is ideally suited for a variety of uses including traditional office, executive office, coworking, medical office, or creative office spaces. The space boasts expansive ceiling heights, over 4,000 square feet of basement storage, and is ADA compliant. Modern heating and cooling systems ensure year-round comfort. Its prime downtown location provides easy access to public transportation, ample parking, and numerous nearby amenities. This versatile space presents a unique opportunity to create a perfectly tailored workspace to meet specific business needs. The property is situated in a mixed-use building within the vibrant Downtown Champaign submarket. Note that this property is eligible for consideration under the Illinois Back to Business (B2B) program, offering potential grant funding opportunities for qualifying businesses.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,655 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

205 Neil St Champaign, IL 61820
Champaign metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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