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For Lease - Prime Downtown Champaign Retail/Restaurant Space 118 N Neil Street | Champaign, IL | 1,468 SF Located in the heart of vibrant downtown Champaign, this 1,468 SF retail/restaurant space offers a rare opportunity to establish your business in one of the area's most active commercial corridors. Tenant responsible for gas, electric, water/sewer, and interior maintenance including HVAC, plumbing, and electrical. The space features a charming outdoor patio for guest seating and a basement area available for additional storage. Existing kitchen equipment, owned by the property owner, is available for purchase-making this an ideal setup for a restaurant, cafe, or bar concept. Situated on high-traffic Neil Street, this property benefits from both strong pedestrian and vehicle visibility. It's surrounded by a dynamic mix of restaurants, bars, retail shops, and the downtown plaza, with ample street parking and a public parking garage nearby. Previously operated as an ice cream shop, the space offers flexible potential for a variety of creative uses looking to tap into the energy of downtown Champaign. Space could be combined with 116 N Neil to offer approximately 3000 SF of space.

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Listed by Jill Guth of GUTH & ASSOCIATES,LLC

Based on information submitted to MRED  as of June 29, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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