118 N Neil Street Champaign, IL $ 20
118 N Neil Street
$ 20
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118 N Neil Street

Champaign, IL, 61820
$ 20
Bedrooms-- Baths-- Sq 3,000
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Property for Rent in Champaign, IL

for $20. This 3,000 square foot property was built in 1920.

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.

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Rental Active

Price

$ 20

Taxes

$ 37,465

Style

Year Built

1920

Town/City

Champaign

County/Region

Champaign

MLS | Web ID

12510743

Features
General
Cooling Central Individual
Zoning COMMR
Year Built 1920
Electric Service - 101 to 200 Amps
Tenant Pays Repairs
Stories Count 2
Township Champaign
Property Subtype Neighborhood Storefront
Tax Year 2024
Assoc Fee Paid Per Not Applicable
County Champaign
Net Operating Income 0
Property Type Commercial Lease Retail/Stores
Status Active
Directions East side of N Neil Street between Taylor and E Chester Street downtown Champaign
City Champaign
MLS Area Champaign Savoy
Tax Annual Amount 37465.8
Leasable Area 3000
Lease Type Modified Gross
Standard Status Active
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Exterior
Frontage Type City Street
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* Excluded Features
List By
Guth & Associates,Llc

Broker

jill@guthandassociates.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/8/2025$20 Listed Price

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118 N Neil Street, Champaign, IL, 61820 is a Property for Rent at $20 with 3,000 sqft. 118 N Neil Street was built in 1920. The property's zip code is 61820 which is in Champaign, IL