Urbana, IL 61801,204 W University AVE
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Urbana, IL 61801,204 W University AVE
Urbana, IL 61801,204 W University AVE
Urbana, IL 61801,204 W University AVE

$675,000

Est. payment /mo

$745,000

9.4%
Est.Price: ?

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204 W University AVE Urbana, IL 61801

4,940 SqFt

SOLD DATE : 02/29/2024

Key Details

Sold Price $675,000

Property Type Commercial

Sub Type Office/Tech

Listing Status Sold

Purchase Type For Sale

Square Footage 4,940 sqft

Price per Sqft $136

MLS Listing ID 11937833

Sold Date 02/29/24

Year Built 1970

Annual Tax Amount $24,619

Tax Year 2022

Lot Size 0.350 Acres

Lot Dimensions 132'X120X

Property Description

Offering a 4,940 square foot office/medical building in Urbana, IL for sale. The property includes a private parking lot (accommodating 20 vehicles) and a move in ready building perfect for medical, therapy, counseling or general office uses. Eleven private offices, reception area, breakroom, conference room, and three large rooms which can be used for conference rooms, group therapy, or converted to executive office spaces. Property is located within the Opportunity Zone and an Enterprise Zone and current tenant is vacating in January 2025 although can vacate earlier for an owner-user. Located on the University Avenue corridor (ADT - 16,000 vehicles) the building is highly visible and within close proximity to the Carle Health Systems campus, Downtown Urbana, the University of Illinois campus and is within walking distance to Crystal Lake Park. Just to the east is the Five Points commercial area offering fast casual restaurants and services for employees and customers. Building could also be leased at $14.00/SF/NNN.

Location

State IL

County Champaign

Area Urbana

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Level or Stories 1

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Midwest Real Estate Data (MRED) IDX
Listed by Jill Guth • GUTH & ASSOCIATES,LLC
Bought with Jill Guth • GUTH & ASSOCIATES,LLC
agent

Karen Arenson

Advisor | License ID: 471.000309

+1(773) 501-6201

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