501 E University Avenue Urbana, IL ^$ 500,000

501 E University Avenue

^$ 500,000

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501 E University Avenue

Urbana, IL, 61802

^$ 500,000

Bedrooms-- Baths-- Sq 4,500

Monthly Estimate*

^$ 3,119

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Commercial Property for sale in Urbana, IL

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

Prime business opportunity in the heart of Urbana! This modern, turn-key car wash facility is located on nearly 3/4 acre of premium commercial land, strategically positioned just east of Vine St. on University Ave, in a high-traffic area with easy highway access. Situated only blocks from Downtown Urbana and surrounded by major retailers and amenities. This free-standing property offers a prime spot for customer convenience and visibility. Featuring seven car wash bays, a spacious customer waiting area, office space, and a fully equipped setup-all included with the sale. This property is ready for a seamless transition to a new owner. Perfect for entrepreneurs looking to invest in a thriving location. Schedule your private showing today to seize this exceptional opportunity!

Commercial Active

Price

^$ 500,000

Property Type

Commercial

Taxes

^$ 15,414

Style

Auto Service

Lot Size

0.688705

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

12197372

Features

General

Cooling Central Air

Possession Closing

Zoning COMMR

Stories Count 1

Tax Year 2023

Business Type Auto Service

County Champaign

Operating Expense 0

Property Type Business Opportunity Bus / Bus w/Real Est

Status Price Change

Directions On University Ave just East of Vine St.

City Urbana

MLS Area Urbana

Lot Size Square Feet 30000

Tax Annual Amount 15414

Additional Parcels Y/N N

Lease Type N/A

Standard Status Active

Exterior

Building Area Total 4500

Lot Dimensions 200X150

* Excluded Features

List By

Coldwell Banker R.E. Group

Broker

hazem.jaber@coldwellbanker.com

Affordability Calculator

$4,404

Per Month

Monthly Principal & Interest: $3,119
Monthly Property Taxes: $1,285
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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 ^$556,600

Percent of Sale Price 11%

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
11/7/2024	$475,000		Listed Price

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501 E University Avenue, Urbana, IL, 61802 is a Commercial Property for sale at $500,000 with 4,500 sqft and a lot size of 0.688705. 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 6.375% 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 12/15/2025.

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501 E University Avenue

Commercial Property for sale in Urbana, IL

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