$675,000
$745,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
204 W University AVE Urbana, IL 61801
4,940 SqFt
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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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Jill Guth • GUTH & ASSOCIATES,LLC