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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$1,250,000

Est. payment - /mo

5,865 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,865 sqft

Price per Sqft $213

MLS Listing ID 12559693

Year Built 1925

Annual Tax Amount $13,135

Tax Year 2024

Lot Dimensions 22X160

Property Sub-Type Mixed Use

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.

Location

State IL

County Champaign

Area Champaign, Savoy

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

Structure Type Brick

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Listed by Shannon Collins of Green Street Realty

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent | License ID: 475.188206

Agent License ID: 475.188206

320 N Neil ST Champaign, IL 61820

Garrett Johnson

Key Details

Location

Interior

Building

Nearby School & Business

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