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Office & Warehouse Building For Sale

$2,500,000

408 S Neil St, Champaign, IL 61820

Active
Last Updated: 03/03/2026

17,170 sqft

Building Size

1.36 acres

Lot Area

Details:
Building Size:    17,170 sqft
Lot Area:    1.36 acres
Year Built:    1948
Zoning:    CB1 – Central Business Urban Fringe
Parking Spots:    69
Year Last Renovated:    2000
Highlights:
  • Annual Tax: $ 45405.04
Description:

The property is centrally located along South Neil Street between Springfield Avenue and Green Street, providing direct access to both Downtown Champaign and the University of Illinois campus area. The location offers strong connectivity to the greater Champaign-Urbana market and is less than 2.5 miles from Interstate 74, with convenient access to I-57 and I-72. Surrounding uses include a mix of office, retail, and service-oriented industrial properties.

408 S. Neil Street is a ±17,170 SF commercial facility situated on approximately 1.36 acres. The building consists of ±7,754 SF of office space (±4,784 SF on the first floor and ±2,970 SF on the second floor) and ±9,416 SF of garage/warehouse space.
The warehouse offers clear heights ranging from 13’3” to 15’2” and is equipped with three (3) 12’6” H x 13’ W drive-in doors, three gas-fired unit heaters, and an integrated vehicle exhaust ventilation system designed for fleet or service operations.
The office area includes 13 private offices, a large open work area, conference room, break room, and four restrooms. The second floor is accessible via two stairwells and an elevator.
The building is served by 600 Amp, 208/120V, 3-phase electrical service with multiple distribution panels, as well as an on-site standby generator supporting critical circuits.
The property includes 69 striped parking spaces, with additional land area suitable for expanded parking or outdoor storage/laydown.


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