1905 N Neil St, Champaign, IL 61822
For Sale
1 / 3
This exceptional 5,200-square-foot freestanding retail building presents a unique investment opportunity in a high-traffic location. Previously used as a restaurant, the property boasts a convenient drive-thru, ample parking accommodating 62 vehicles, and sits on a sizable 1.52-acre lot. Its strategic placement directly across from Market Place Mall, Costco, and Dick's House of Sport ensures high visibility and accessibility. The property's proximity to Interstate 74 (less than one mile) further enhances its appeal to a wide range of potential tenants. The building is zoned CG - Commercial General, offering flexibility for various retail uses. The entire 5,200 square feet is currently vacant, providing a blank canvas for a new business to establish its presence. For qualified tenants, attractive tenant improvement packages are available. This single-tenant building represents a compelling chance to capitalize on a prime retail location within one of Champaign's most vibrant shopping areas. The property's size and location make it ideal for a variety of retail concepts seeking high visibility and convenient access for customers. The ample parking and drive-thru further enhance its operational efficiency and customer convenience.
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Oberweis Ice Cream and Dairy Store Grocery & Convenience Store Specialty Food Shop
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That Burger Joint Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.