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106 S Neil Street,  Champaign IL, 61820

(Active)
$1,600,000
|
11,588 sqft
|
MLS# 11949658
Last Updated: 5/19/2024 7:43 AM
Description for 106 S Neil Street Champaign, IL 61820
Offering for sale the architectural gem, the Atkinson Building, in Downtown Champaign. Built in 1904 and 1906, this iconic property underwent a meticulous renovation in 1989 by renowned architect, Jake Baker, seamlessly blending its historic character with modern functionality. The building offers historic charm, modern adaptability and prime visibility. Key Features Include: Solid masonry construction, complimented by hardwood floors and lofty ceilings with amazing architectural details throughout the property. Prime Location: Nestled just south of the vibrant intersection of University Avenue and Neil Street, this property enjoys strong traffic counts with immediate access to Downtown Champaign and the University of Illinois campus being just a few blocks away. Existing Tenants: Surface 51 leases over 7,900 square feet within the building, spread over two floors. An additional 1,000 SF user leases on the second floor. Contact listing broker for lease details. Growth Opportunities: Two existing suites on the east side of the building (105 S Walnut) are currently marketed for lease which could be utilized by a new owner or leased for additional income.With two tenants in place, this landmark property offers a dynamic investment opportunity. Its prime location ensures unrivaled visibility, drawing both foot traffic and attention from the bustling downtown scene. Whether it's the allure of its historic significance or the promise of a strategic business location, this space stands as a beacon of opportunity in Champaign's vibrant landscape.
Price
$1,600,000
Champaign
11,588 (approx)
11949658
Active
Description
Offering for sale the architectural gem, the Atkinson Building, in Downtown Champaign. Built in 1904 and 1906, this iconic property underwent a meticulous renovation in 1989 by renowned architect, Jake Baker, seamlessly blending its historic character with modern functionality. The building offers historic charm, modern adaptability and prime visibility. Key Features Include: Solid masonry construction, complimented by hardwood floors and lofty ceilings with amazing architectural details throughout the property. Prime Location: Nestled just south of the vibrant intersection of University Avenue and Neil Street, this property enjoys strong traffic counts with immediate access to Downtown Champaign and the University of Illinois campus being just a few blocks away. Existing Tenants: Surface 51 leases over 7,900 square feet within the building, spread over two floors. An additional 1,000 SF user leases on the second floor. Contact listing broker for lease details. Growth Opportunities: Two existing suites on the east side of the building (105 S Walnut) are currently marketed for lease which could be utilized by a new owner or leased for additional income.With two tenants in place, this landmark property offers a dynamic investment opportunity. Its prime location ensures unrivaled visibility, drawing both foot traffic and attention from the bustling downtown scene. Whether it's the allure of its historic significance or the promise of a strategic business location, this space stands as a beacon of opportunity in Champaign's vibrant landscape.
Listing Information
Property Type: Office, Business Opportunities, 2 Story
0.15 Acres 11,588 (approx) 1904
2
Champaign//
4 Total
Neighborhood
Room Information
Interior Features
Central Air
Exterior / Lot Features
131X53X113X56
COMMR
Driving Directions
Located just south of the intersection of Neil St. and University Ave in Downtown Champaign
Financial Considerations
422012477001
$29,640
Listing Price History

Champaign Real Estate

Champaign is located in Illinois. Champaign, Illinois 61820 has a population of 89,892.

The median household income in Champaign, Illinois 61820 is $32,447. The median household income for the surrounding county is $56,059 compared to the national median of $66,222. The median age of people living in Champaign 61820 is 33 years.

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Courtesy: GUTH & ASSOCIATES,LLC
Listings courtesy of MRED as distributed by MLS GRID

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This content last refreshed on 5/19/2024 7:43 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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