1512 Neil StChampaign, IL 61820

  • Commercial real estate
  • 1.24 AC
For Sale
$2,300,000 View listing

Property Details for 1512 Neil St

Lot size
1.24 AC
Property type
Commercial real estate
APN
412001426006
APU
412001426006

Description

This exceptional 3.2-acre commercial land parcel presents a unique investment opportunity in Champaign, Illinois. Located at 1512 N Neil St, 61820, this property boasts an unparalleled location at the southeast corner of the Neil Street and Interstate 74 interchange, offering exceptional visibility and accessibility. The site benefits from high traffic counts due to its strategic position on a signalized intersection, making it ideal for a variety of commercial developments. Its proximity to downtown Champaign and the University of Illinois provides a strong customer base, while its location near Costco further enhances its appeal. The property is zoned for commercial use, allowing for a wide range of development possibilities. The "build-to-suit" potential allows for flexibility in design and construction to meet specific business needs. This prime location offers a gateway to the vibrant downtown area and the University of Illinois, ensuring high visibility and significant foot traffic. The asking price for this exceptional property is $2,300,000. Don't miss this chance to acquire a highly desirable commercial land parcel in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $19,868,876
    Hospitality
    $18,199,782
    Educational
    $15,142,006
    Medical
    $15,662,762
    Retail
    $23,554,230

Location Insight

City
Champaign
County
Champaign
State
Illinois
Latitude
40.1323
Longitude
-88.2429
CBSA code
16580
CBSA name
CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,502
$61,010
-
$61,010
-
$183,030
-
$183,030

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].