320 N Neil Street, Champaign, IL 61820
Champaign County
Key Facts
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 Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1925
Stories
2
Living Area
5,865 sq ft
Lot Size
3,520 sq ft
Lot Dimensions
22X160
Zoning
COMMR
Days on Market
77
MLS® Listing#
12559693
Property Features
Cooling
Construction
Financial Details
Annual Taxes
$13,136
Tax year 2024
Parcel Number
422012427008
Directions
Heading south on Neil Street, continue past Washington Street, and the property will be located on the east side of the road.
Affordability Calculator
$250,000
Estimated monthly payment
$6,653/mo
Principal $1,000,000 · Est. interest $1,395,089 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Champaign, IL
- $327,397
- Median Listing Price
- 49
- Median Days on Market
- 1,794
- Median Sq Ft
- $179
- Median Price / Sq Ft
- 159
- Active Listings
- This home’s price is 282% above the area median.
- Its price per sq ft is 19% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Champaign, IL.
Location
Getting Around
Points of Interest in Champaign, IL
Showing the Champaign area map.
Nearby Schools
R.E.A.D.Y Program
Secondary · 0.2 mi away
Champaign Early Childhood Center
School · 0.4 mi away
Champaign County Headstart
School · 0.4 mi away
Stratton Elementary School
Elementary · 0.4 mi away
Holy Cross School
Secondary · 0.4 mi away
Champaign Central High School
Secondary · 0.5 mi away
Columbia Center
School · 0.6 mi away
Novak Academy
School · 0.6 mi away
Edison Middle School
Secondary · 0.6 mi away
Franklin Middle School
Secondary · 0.7 mi away
Booker T. Washington Stem Academy Pta
Elementary · 0.8 mi away
Judah Christian School
Elementary · 0.9 mi away
Office of the Dean of Students
School · 1.0 mi away
Omsa Students Helping Students
School · 1.0 mi away
Career Center
School · 1.0 mi away
South Side Elementary School
Elementary · 1.0 mi away
University Laboratory High School
Secondary School · 1.0 mi away
M L King Junior Elementary School
Elementary · 1.1 mi away
University of Illinois Foundation
School · 1.1 mi away
University of Illinois
School · 1.1 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3510 S Duncan Road, Champaign, IL | $886,010 | — | — | — |
| 2102 Belmont Park Lane, Champaign, IL | $895,000 | 4 | 5 | 3,615 |
| 812 Dodds Drive, Champaign, IL | $895,000 | 4 | 4 | 3,686 |
| 1069 County Road 900, Champaign, IL | $949,900 | — | — | — |
| 1809 Mullikin Drive, Champaign, IL | $950,000 | 6 | 5 | 6,193 |
| 7 Greencroft Drive, Champaign, IL | $1,100,000 | 4 | 3 | 3,123 |
Moving Cost Estimate
EXIT Agents in Champaign
Listing Courtesy: Green Street Realty
Last Updated: 2026-02-10