234 S Neil St Champaign, IL 61820
Property profile & analytics
234 S Neil St Champaign, IL 61820
- Warehouses
Property ID
US28-5719739
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 234 S Neil St
- Property type
- Warehouses
- APN
- 422012482003
- APU
- 422012482003
Description
This exceptional 3.307-acre development site in Champaign, Illinois, presents a rare investment opportunity. Located at the intersection of Downtown, Midtown, and Campustown, this property offers unparalleled access to a vibrant community. The site comprises ten parcels totaling approximately 144,053 square feet, zoned CB1 and CB2, allowing for significant flexibility in development plans. CB1 zoning permits buildings up to 85 feet tall, while CB2 allows for structures reaching 115 feet. Importantly, neither zoning classification imposes setback, open space reserve (OSR), or floor-to-area ratio (FAR) restrictions. The property includes eight existing buildings, constructed between 1915 and 1980, offering potential for adaptive reuse or demolition. Its strategic location, bordered by major thoroughfares like Neil Street and Springfield Avenue, and proximity to the Illinois Terminal, ensures excellent accessibility. The University of Illinois, with its substantial student and faculty population, is also within easy reach, creating a dynamic and high-demand market. This site is situated within a Tax Increment Financing (TIF) District and Enterprise Zone, presenting additional economic advantages for developers. The asking price is $5,950,000, and the APN is 42-20-12-482-003. This is a unique chance to acquire a large-scale development site in a high-growth area with considerable potential for substantial returns.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2431
- Latitude
- 40.1142
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,281
$76,810
$3,930
$80,740
-
$230,430
$11,790
$242,220
