502 Neil St Champaign, IL 61820
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 502 Neil St
- Property type
- Commercial real estate
- APN
- 422012279005
- APU
- 422012279005
Description
This exceptional 13,583 square foot lot presents a unique investment opportunity in the heart of Champaign, Illinois. Situated at 502 N Neil St, this corner lot boasts a prime location at the intersection of N Neil Street and Washington Street, ensuring high visibility and accessibility for both vehicular and pedestrian traffic. The property is zoned CB2, allowing for a variety of commercial and residential development possibilities. Its strategic position offers unparalleled convenience, being less than a mile from the University of Illinois campus and Interstate 74, providing easy access to major transportation routes and a large pool of potential customers and residents. The asking price for this remarkable property is $949,000. Given its size, location, and zoning, this lot represents a significant opportunity for developers seeking to capitalize on the vibrant and growing Champaign market. The property's address is 502 N Neil St, Champaign, IL 61820. This is a rare chance to acquire a substantial parcel of land in a highly desirable area with excellent potential for future development and substantial return on investment. The lot's dimensions and precise permitted uses should be verified independently.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2432
- Latitude
- 40.1201
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
