320 N Neil Street, Champaign, IL

$1,250,000

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About 320 N Neil Street

Prime mixed-use property located in the heart of downtown Champaign at 320 N Neil St. Zoned CB2 (Central Business Downtown), this two-story masonry brick building offers 5,865 SF above grade plus a 1,620 SF basement. The first floor is configured for nightclub/bar use and features a 28' bar, sprinkler and alarm systems, handicap-accessible entrance and restrooms, emergency lighting, mezzanine areas, and strong mechanical infrastructure. The basement provides storage, a walk-in cooler, and mechanical space with interior and rear access. The second floor includes a well-maintained two-bedroom, two-bath apartment with 14' ceilings, fireplace, and separate HVAC and electrical service. The apartment is currently leased for $1,800 per month with a lease in place through 07/31/2026, providing built-in rental income to help offset operating costs of the commercial space below. Located among downtown restaurants, nightlife, and mixed-use development.

Features of 320 N Neil Street

MLS® # 12559693
Price $1,250,000
Bathrooms 0.00
Year Built 1925
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 320 N Neil Street
Area Champaign, Savoy
City Champaign
County Champaign
State IL
Zip Code 61820

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 77
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGreen Street Realty

Listing Map

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