Date
Details
Price
Change
Source
11/08/2025
Listed
$20
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/22
$20
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/22
Property Description
Located in the heart of vibrant downtown Champaign, this 1,600 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 a cafe-style shop, the space offers flexible potential for a variety of creative uses to tap into the energy of downtown Champaign. Space could be combined with 118 N Neil to increase size to approximately 3000 SF
Full Property Details
Full Property Details for 116 N Neil St
General
- Price: $20
- Taxes: $37,465 (2024)
- Status: Active
- Type: Commercial Lease
- Source: MRED
- MLS ID: 12510733
- Updated: 5/5/2026
- Added to Site: 178 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Champaign, Savoy
- County: Champaign
- Township: Champaign
- Driving Directions: East side of N Neil St between Taylor and E Chester Streets, downtown Champaign.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 2
- Year Built: 1920
Unit Information
- Extra Storage Avail: Yes
Lot Features
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- Lease Price: $20
- For Sale/Rent/Lease: For Rent Only
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1920
- Tax Amount: $37,465.8
- Tax Year: 2024
- Tenant Pays: Repairs, All Utilities
Listed by Guth & Associates,Llc
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 116 N Neil St —
Guth & Associates,Llc
NMLS#: 1598647
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 116 N Neil St
School District:Champaign Community Unit School District 4
| Name | Grades | Distance |
|---|---|---|
Central High School, Champaign, IL 610 West University Avenue, Champaign, IL 61820 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 116 N Neil St
Estimate the Cost
Estimate the Cost for 116 N Neil St
116 N Neil Street, Champaign, IL 61820 (MLS# 12510733) is a Commercial Lease property. 116 N Neil Street is currently listed for $20 and was received on November 08, 2025. Want to learn more about 116 N Neil Street? Do you have questions about finding other Commercial Lease real estate for sale in Champaign? You can browse all Champaign real estate or contact a Coldwell Banker agent to request more information.