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116 Neil Street

Champaign, IL 61820
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About this home

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
MLS Description — as provided by the listing brokerage.

The facts

Property typeCommercial Lease
Year built1920
Lot size
Annual tax$37,465.8
CountyChampaign
MLS #MRD12510733
Days on market169

Features

Cooling
Central Air
Listed by
GUTH & ASSOCIATES,LLC
Jill Guth · 217-778-8305

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/25/2026, 9:06:21 AM. All data should be independently verified.

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