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.
Property Details
Price:
$1,250,000
MLS #:
MRD12559693
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
champaignsavoy
Listed Date:
Feb 10, 2026
Total Sq Ft:
5,865
Year Built:
1925
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
2
Financial
Tax Year
2024
Taxes
$13,136
Map
Community
- Address320 N Neil Street Champaign IL
- CityChampaign
- CountyChampaign
- Zip Code61820
Market Summary
Current real estate data for Commercial in Champaign as of May 16, 2026
14
Commercial Listed
213
Avg DOM
$1,596,271
Avg List Price
Property Summary
- 320 N Neil Street Champaign IL is a Commercial for sale in Champaign, IL, 61820. It is listed for $1,250,000
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Copyright 2026. All rights reserved.
320 N Neil Street
Champaign, IL


