


118 N Neil StreetChampaign, IL 61820
Commercial118 N Neil Street Overview
- Time on Site:
- 234 days
- Visits:
- 1
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.
118 N Neil Street Facts & Features
- Type Commercial
Details
General
Association/HOA
- Association Fee Frequency: Not Applicable
Income/Expenses
- Existing Lease Type: Modified Gross
- Net Operating Income: 0
Building Information
- Year Built: 1920
Location/Region
- County Or Parish: Champaign
- MLS Area Major: Champaign, Savoy
- Township: Champaign
Rent/Lease Information
- Tenant Pays: Repairs, All Utilities
Tax Information
- Tax Annual Amount: $37,465.80
- Tax Year: 2024
General Information
- Property Sub Type: Neighborhood Storefront
- Property Type: Commercial Lease
- Zoning: COMMR
Interior
General Information
- Cooling: Central Individual
- Electric: Service - 101 to 200 Amps
- Leasable Area: 3000
- Stories: 2
Unit Information
- Unit SqFt.: 1468
Exterior
Lot Information
- Frontage Type: City Street
118 N Neil Street Neighborhood
Community
61820 (Champaign) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.118 N Neil Street Market Data
Based on the last 30 days in this zip code
118 N Neil Street History
| Date | Value | Agent |
|---|---|---|
| 6/6/2026Source: MRED | Active |
|
| 6/1/2026Source: MRED | Re-activated |
|
| 11/13/2025Source: MRED | Active |
|
| 11/8/2025Source: MRED | November 08, 2025 |




























