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    OFF-MARKET
    Retail properties & Spaces

    205 Neil St, Champaign, IL 61820

    4,655 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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