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102 W University Ave 0.29 Acres of Commercial Land Offered at $550,000 in Urbana, IL 61801
INVESTMENT HIGHLIGHTS
- Very high traffic, great visibility and easy access.
EXECUTIVE SUMMARY
The lot is located just north of Downtown Urbana, and is just a couple of blocks east of the Urbana Carle Hospital and Clinic. The University of Illinois is located about a mile west of the site. The property is Zoned B-3 General Business which allows a wide variety of businesses to operate there. The property has an Adams Billboard on the site and upon the sale, Adams can be forced to take down the billboard, if the buyer wants it gone. The property was a gas station many years ago, and we do have a No Further Remediation Letter from ILEPA, which has been recorded.
PROPERTY FACTS
| Price | $550,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.29 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | B-3 General Commercial | ||
| Price | $550,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.29 AC |
| Opportunity Zone |
Yes |
| Zoning | B-3 General Commercial |
1 LOT AVAILABLE
Lot
| Price | $550,000 | Lot Size | 0.29 AC |
| Price Per AC | $1,896,551.72 |
| Price | $550,000 |
| Price Per AC | $1,896,551.72 |
| Lot Size | 0.29 AC |
Commercial lot (University Ave and Broadway Ave)available with high traffic count, great visibility and easy access. Traffic count is approx 16,000 cars per day on University Ave and about 6,800 cars per day on Broadway Ave.
DESCRIPTION
Property was a Red's Muffler shop for over 50 years and prior to that was a gas station. Note we do have a No Further Remediation Letter from Illinois EPA.
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Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 91-21-08-403-010 | Improvements Assessment | $19,050 |
| Land Assessment | $69,420 | Total Assessment | $88,470 |
PROPERTY TAXES
Parcel Number
91-21-08-403-010
Land Assessment
$69,420
Improvements Assessment
$19,050
Total Assessment
$88,470
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102 W University Ave
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