Share This Listing

Message

925 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Signalized corner location with visibility from Interstate 74
  • Surrounded by established national retailers and commercial uses
  • Positioned along a major gateway to downtown Champaign
  • Commercial zoning supports a broad range of development options

Executive Summary

1512 N Neil Street presents an opportunity to acquire a commercial land site positioned at the signalized intersection of North Neil Street and Interstate 74 in Champaign, Illinois. The property benefits from interstate visibility, direct access to one of the area's primary commercial corridors, and exposure to significant daily traffic volumes. Its location places future development within a well-established retail and service environment that includes national retailers, restaurants, fitness operators, and regional commercial destinations.
The site consists of approximately 3.20 acres and includes Commercial General zoning on the majority of the property, supporting a broad range of commercial development possibilities. The combination of visibility, access, and zoning flexibility creates opportunities for retail, hospitality, medical, automotive, service-oriented, and mixed-use concepts, subject to applicable approvals and municipal requirements.
Neil Street serves as a major connection between Interstate 74, downtown Champaign, and the University of Illinois area, providing convenient access for customers, employees, visitors, and service providers. The property's location near major retail concentrations and established commercial activity supports long-term development potential while benefiting from existing infrastructure and regional connectivity.
For investors, developers, and owner-users, the site offers a highly visible commercial location within one of Champaign's primary business corridors. Its frontage, signalized access, and proximity to major demand generators position the property for a variety of future commercial uses while providing immediate recognition from passing traffic.

Property Facts

Price $3,201,738 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Hospitality
  • Fast Food
  • General Freestanding
  • Healthcare
  • Hotel
  • Restaurant
  • Service Station
  • Specialty, Festival or Entertainment
  • Storefront, Retail or Office
Total Lot Size 3.24 AC
Zoning CG - General Commercial

1 Lot Available

Lot

Price $3,201,738 CAD
Price Per AC $988,190.77 CAD
Lot Size 3.24 AC

3.20-acre commercial land site at the signalized Neil Street/I-74 interchange with interstate visibility, utility availability, and zoning that supports a broad range of commercial development opportunities.

Description

The property consists of approximately 3.20 acres located at the southeast corner of North Neil Street and Interstate 74 in Champaign, Illinois. The site includes Commercial General and SF-1 zoning designations and has access to surrounding utility infrastructure. The property is situated near established retail, restaurant, and service businesses and is positioned along a corridor connecting Interstate 74 with downtown Champaign and the University of Illinois area.

Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
41-20-01-426-006
Land Assessment
$106,359 CAD
Improvements Assessment
$0 CAD
Total Assessment
$106,359 CAD
  • Listing ID: 41717808

  • Date on Market: 2026-08-12

  • Last Updated:

  • Address: 1512 N Neil St, Champaign, IL 61820

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}