320 N Neil Street,Champaign, IL 61820
Champaign, IL 61820
Description
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.
Details
| MLS # | 12559693 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 215 |
| Listing Provided By | Green Street Realty | Shannon Collins |
Features
| SQ Feet | 5,865 |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Zoning | COMMR |
Interior
| Cooling | Central Air |
|---|
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Electric | Over 600 Amps |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 13135.7 |
Area Information
| State | IL |
|---|---|
| County | Champaign |
| City | Champaign |
| Zip Code | 61820 |
| Area | Champaign | Savoy |
| Listing VS Median (in 61820) | |
Price: $1,250,000 low | high Med: $239,450 sqft: 5,865 low | high Med: 4,179 $ / sqft: $213 low | high Med: $105 On site: 215 low | high Med: 52.5 | |
Market Activity 61820
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Learn More About This Property
| State | IL |
|---|---|
| County | Champaign |
| City | Champaign |
| Zip Code | 61820 |
| Area | Champaign | Savoy |
| Listing VS Median (in 61820) | |
Price: $1,250,000 low | high Med: $239,450 sqft: 5,865 low | high Med: 4,179 $ / sqft: $213 low | high Med: $105 On site: 215 low | high Med: 52.5 | |