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1005 Neil Street

Champaign, IL 61820
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About this home

Now available for lease: a modern, high-visibility 3,200 square foot restaurant space located along the vibrant Neil Street corridor. Built in 2020, this turnkey property offers a rare opportunity to establish or expand your concept in a high-traffic location just minutes from the University of Illinois campus. The space features a flexible layout with ample indoor seating, currently able to host over 100 customers at a time. There is also a spacious outdoor patio, and a built-in bar area complete with multiple coolers-perfect for dine-in service, events, or a vibrant nightlife atmosphere. The fully equipped commercial kitchen includes two large hoods, a walk-in refrigerator/freezer, and two mop sinks, providing a seamless setup for immediate operation. Most furniture, fixtures, and equipment can be included in the lease (excluding the dishwasher), making it easy to hit the ground running without the upfront cost of build-out. With ample on-site parking, strong street visibility, and proximity to both student and residential populations, this location is ideal for attracting steady foot traffic throughout the day and into the evening (ADT is estimated to be between 21,000 and 22,000 vehicles a day). Whether launching a new venture or growing an established brand, this space offers the infrastructure, location, and curb appeal to help you succeed.
MLS Description — as provided by the listing brokerage.

The facts

Property typeCommercial Lease
Year built2020
Lot size
Annual tax$31,754.84
CountyChampaign
MLS #MRD12378736
Days on market327

Features

Cooling
Central Air
Listed by
GUTH & ASSOCIATES,LLC
Maggie Pitcher · 217-649-3713

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/25/2026, 8:38:29 AM. All data should be independently verified.

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