SQUARE FEET5,865
MLS#12559693
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
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 Features
Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 0.08 Acres
Stories: 2.0
Taxes: $13,135
Year Built: 1925
Feature Descriptions
Electric: Over 600 Amps
Exterior: Brick
Fire Protection: Alarm On Site, Fire Extinguisher/s
HVAC: Electric, Gas
Lot Dimensions: 22X160
Number of Tenant(s): 1
Parcel#: 422012427008
Parking: Public Lot
Units: 2
Listed By / Shown By
Listed By
Agency Name: Green Street Realty
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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320 N Neil Street | MLS# 12559693
This commercial property located at 320 N Neil Street, Champaign, IL 61820 is currently listed for sale with an asking price of $1,250,000. Search Champaign real estate on www.bhhscrosby.com today.