402 W Griggs Street Urbana, IL ^$ 599,000

402 W Griggs Street

^$ 599,000

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402 W Griggs Street

Urbana, IL, 61801

^$ 599,000

Studio Baths0.0

Monthly Estimate*

^$ 3,737

402 W Griggs Street, Urbana, IL 61801 - Image 1

402 W Griggs Street, Urbana, IL 61801 - Image 2

402 W Griggs Street, Urbana, IL 61801 - Image 3

402 W Griggs Street, Urbana, IL 61801 - Image 4

Studio

Lots and Land for sale in Urbana, IL

for $599,000. The lot size is 1.08.

Spectacular Location within a few blocks of Lincoln Avenue in the University of Illinois Corridor, directly south of the Carle Hospital, right around the corner from downtown Urbana. 1 Acre of prime development land, the frontage extends from Central Street to McCullough Street and goes back to the tracks. This is a very deep lot. This would be ideal for multi unit apartments, or commercial. Largest lot near campus for development!!! This is a city block long!!!

Lots and Land Active

Price

^$ 599,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 4,629

Style

Lot Size

1.08

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

12438439

Features

General

Utilities Electricity Available Natural Gas Available Water Available

Possession Closing

Township Cunningham

Tax Year 2024

Ownership Fee Simple

County Champaign

Property Type Land Land

Possible Use Commercial

Status Active

Directions Take Race Street then west on Griggs

High School Urbana High School

City Urbana

High School District 116

MLS Area Urbana

Elementary School Urbana Elementary School

Tax Annual Amount 4629

Middle/Junior High School Urbana Middle School

Standard Status Active

Middle/Junior School District 116

Elementary School District 116

Exterior

Total Parking 0

Lot Dimensions 266x180

Lot Size Acres 1.08

Road Surface Type Asphalt

Frontage Length 266

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Re/Max Realty Associates-Cha

Broker

mikecrosshomes@gmail.com

Affordability Calculator

$4,123

Per Month

Monthly Principal & Interest: $3,737
Monthly Property Taxes: $386
Monthly Home Insurance: --

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Interest Rate

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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

Lots and land listings in Urbana, IL

Average List Price ^$389,760

Percent of Sale Price 35%

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.

1866534 Elementary School

1881592 Middle School

Urbana High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/5/2025	$599,000		Listed Price

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402 W Griggs Street, Urbana, IL, 61801 is a Lots and Land for sale at $599,000 with a lot size of 1.08. 402 W Griggs Street is a studio with 0.0 baths. The property's zip code is 61801 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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Data is updated as of 12/9/2025.

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402 W Griggs Street

Lots and Land for sale in Urbana, IL

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