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Commercial Land for Sale in Champaign, Illinois
401 S Neil St, Champaign, IL 61820
$524,900
0.37 acres
pending
Under contract
Highly trafficked corner in desirable Champaign location offered for build to suit or land lease. Adjacent to UIUC campus and on the South end of downtown Champaign the location is along a commuter route from four directions. CB1 Zoning - The primary purpose of the Central Business Urban Fringe District is to provide for medium intensity retail, service, and office development along with housing, parking, and institutional uses. +/- 16,258 square feet of developable space. Traffic Counts Springfield Eastbound - 11,200 AADT Springfield Westbound - 12,000 AADT Neil Southbound - 15,200 AADT Neil Northbound - 18,500 AADT
Location
- Street address
- 401 S Neil St
- County
- Champaign County
- Community
- Champaign
- School district
- 4
- Elevation
- 737 feet
Directions
From Neil and Springfield property is Southwest corner.
Property details
- Lot size
- 0.37 acres16,117 sq ft
- Zoning
- COMMR
- MLS #
- MRED 12541567
- Posted
Property taxes
- 2024
- $9,232
Parcels
- 432013203003
Legal description
Lots 1, 2 Block 1 Thomas, John H., Sub
Details and features
Listing
- Type
- Land
- Franchise
- Keller Williams Realty
Nearby schools
| Name | Type | District |
|---|---|---|
| Champaign Elementary School | Elementary | 4 |
| Champaign Junior High School | Middle | 4 |
| Central High School | High | 4 |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Jan 30, 2026 | Under contract | $524,900 | — | MRED |
| Jan 27, 2026 | Price drop | $524,900 | $25,000 -4.5% | MRED |
| Jan 16, 2026 | Price drop | $549,900 | $25,000 -4.3% | MRED |
| Jan 7, 2026 | New listing | $574,900 | — | MRED |
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