Champaign, IL 61820 118 N Neil Street

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Presented By: GUTH & ASSOCIATES,LLC
  • MLS# 12510743
  • 11/08/2025
  • Request Tour
  • Request Info
  • SQFT • 3,000

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For Lease - Prime Downtown Champaign Retail/Restaurant Space 118 N Neil Street | Champaign, IL | 1,468 SF Located in the heart of vibrant downtown Champaign, this 1,468 SF retail/restaurant space offers a rare opportunity to establish your business in one of the area's most active commercial corridors. Tenant responsible for gas, electric, water/sewer, and interior maintenance including HVAC, plumbing, and electrical. The space features a charming outdoor patio for guest seating and a basement area available for additional storage. Existing kitchen equipment, owned by the property owner, is available for purchase-making this an ideal setup for a restaurant, cafe, or bar concept. Situated on high-traffic Neil Street, this property benefits from both strong pedestrian and vehicle visibility. It's surrounded by a dynamic mix of restaurants, bars, retail shops, and the downtown plaza, with ample street parking and a public parking garage nearby. Previously operated as an ice cream shop, the space offers flexible potential for a variety of creative uses looking to tap into the energy of downtown Champaign. Space could be combined with 116 N Neil to offer approximately 3000 SF of space.
Presented By: GUTH & ASSOCIATES,LLC

General for 118 N Neil Street

Assoc Fee Paid PerNot Applicable
CityChampaign
CoolingCentral Individual
CountyChampaign
DirectionsEast side of N Neil Street between Taylor and E Chester Street, downtown Champaign
ElectricService - 101 to 200 Amps
Leasable Area3000
Lease TypeModified Gross
MLS AreaChampaign, Savoy
Net Operating Income
Property SubtypeNeighborhood Storefront
Property TypeCommercial Lease
Property TypeRetail/Stores
Standard StatusActive
StatusRe-activated
Stories Count2
Tax Annual Amount37465.8
Tax Year2024
Tenant PaysRepairs, All Utilities
TownshipChampaign
Year Built1920
ZoningCOMMR

Exterior for 118 N Neil Street

Frontage TypeCity Street

Additional Details

Price History

Client Care

Price $20
MLS#12510743
List Date 11/08/2025
Property Type Commercial
Phone 847.485.2500
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