501 E University Avenue Urbana, IL ^$ 695,000

501 E University Avenue

^$ 695,000

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501 E University Avenue

Urbana, IL, 61802

^$ 695,000

Studio Baths0.0 Sq 4,500

Monthly Estimate*

^$ 4,855

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501 E University Avenue, Urbana, IL 61802 - Image 9

501 E University Avenue, Urbana, IL 61802 - Image 10

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501 E University Avenue, Urbana, IL 61802 - Image 12

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Studio

Commercial Property for sale in Urbana, IL

for $695,000. This 4,500 square foot building was built on a lot size of 0.688705.

This fully functioning car wash is located right on University Avenue/Route 150 just to the east of the popular Five Points Center and Carle Hospital making it a high traffic area. This building offers over 4,000 square feet, including 2 car wash stations, 5 additional bays, an office area, a waiting area for customers, and a water equipment room. This is a great investment opportunity you won't want to miss! Give us a call to schedule a showing!

Commercial Contingent

Price

^$ 695,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 13,736

Style

Auto Service,Service/Misc.

Lot Size

0.688705

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

11750711

Features

General

Cooling Central Air

Possession Closing

Zoning COMMR

Electric Other

Tenant Pays Other

Stories 1

Tax Year 2021

Current Use Commercial

Business Type Auto Service Service/Misc.

Business Name SPLASH EXPRESS CAR WASH

County Champaign

Operating Expense 0

Property Type Business Opportunity Bus / Bus w/Real Est

Contingency Financing

Status Contingent

Directions Located on east University Avenue or US 150.

City Urbana

MLS Area Urbana

Lot Size Square Feet 30000

Waterfront Y/N N

Street Name University

Tax Annual Amount 13736.5

Additional Parcels Y/N N

Days on Market 360

Standard Status Active Under Contract

Exterior

Building Area Total 4500

Lot Dimensions 200X150

Interior

Street Suffix Avenue

* Excluded Features

List By

Keller Williams-Trec

Broker

steve@littlefieldhomes.com

Affordability Calculator

$5,999

Per Month

Monthly Principal & Interest: $4,855
Monthly Property Taxes: $1,145
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Urbana, IL

Average List Price ^$1,220,817

Percent of Sale Price 76%

About Urbana, IL

41,987 Population

11% Since 2002

^$39,331 Median Income

26.41 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/9/2023	$695,000	-7.33%	Price Down
7/24/2023	$750,000	-11.76%	Price Down
4/3/2023	$850,000		Listed Price

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501 E University Avenue, Urbana, IL, 61802 is a Commercial Property for sale at $695,000 with 4,500 sqft and a lot size of 0.688705. 501 E University Avenue is a studio with 0.0 baths. The property's zip code is 61802 which is in Urbana, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 4/29/2024.

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501 E University Avenue

Commercial Property for sale in Urbana, IL

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