1002 W University Avenue Urbana, IL $ 500,000
1002 W University Avenue
$ 500,000
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1002 W University Avenue

Urbana, IL, 61801
$ 500,000
Bedrooms-- Baths-- Sq 2,800

Monthly Estimate*

$ 3,119

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Commercial Property for sale in Urbana, IL

for $500,000. This 2,800 square foot building was built in 1960 on a lot size of 0.252525.

Welcome to a golden opportunity nestled at the bustling Northeast corner of the University of Illinois at Urbana-Champaign. This versatile property, brimming with potential, is an entrepreneur's dream, offering a blank canvas for a thriving retail space, a sleek modern office, or a charming restaurant that could become the new talk of the town. Imagine your business flourishing in the heart of Champaign County, where the air buzzes with the energy of academic excellence and medical innovation, thanks to the nearby prestigious University of Illinois campus and the renowned Carle Hospital. The location of this property is nothing short of strategic, placing your venture at one of the most vibrant and busiest cross sections in the area. Envision your clientele or customers being drawn in by the allure of convenience and the promise of an exceptional experience. Whether they are students seeking a cozy nook to study and sip coffee, professionals in search of a lunch spot that feels like a retreat from the office, or families looking for a delightful dining experience, this property is the perfect backdrop for your vision. The space itself is a chameleon, ready to adapt to your business's unique needs and aesthetic. With its prime location, the foot traffic alone is a valuable asset that can propel your business to new heights. The air here is thick with opportunity, the streets humming with the footsteps of potential patrons whose senses will be captivated by what you create in this space. Don't miss out on this rare chance to plant your flag at the crossroads of commerce and culture in Champaign County. Your entrepreneurial spirit, combined with this property's exceptional location, is a recipe for success that can only be described as a once-in-a-lifetime opportunity.

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Commercial Active

Price

$ 500,000

Property Type

Commercial

Taxes

$ 14,460

Style

Lot Size

0.252525

Year Built

1960

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

12261320

Features
General
Cooling Central Air
Zoning COMMR
Year Built 1960
Electric Other
Tenant Pays Other
Stories Count 1
Township Cunningham
Property Subtype Other
Tax Year 2023
County Champaign
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions Just west of University and Lincoln x-section
City Urbana
Number Of Units Total 1
MLS Area Urbana
Lot Size Square Feet 11000
Tax Annual Amount 14460
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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Exterior
Building Area Total 2800
Lot Dimensions 110 X 77 X 123 X 128
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* Excluded Features
List By
Coldwell Banker R.E. Group

Broker

hazem.jaber@coldwellbanker.com

Email

Affordability Calculator

$4,324
Per Month
72%
28%
0%
Monthly Principal & Interest
$3,119
Monthly Property Taxes
$1,205
Monthly 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/23/2025$500,000 Listed Price

Map


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1002 W University Avenue, Urbana, IL, 61801 is a Commercial Property for sale at $500,000 with 2,800 sqft and a lot size of 0.252525. 1002 W University Avenue was built in 1960. The property's zip code is 61801 which is in Urbana, IL