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1405 E Florida Ave
Urbana, IL 61801
VALUE-ADD URBANA OFFICE FOR SALE · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Value Add Opportunity
- B-3, General Business District Zoning
- Adjacent to Philo Road Business District
- 2,500± Finished Basement (not included is calculated SF)
EXECUTIVE SUMMARY
Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present for sale this office building located at 1405 E. Florida Avenue in Urbana, Illinois.
This two-level office building was originally constructed in 1976 as a Savings & Loan Bank and has been partially occupied by State Farm Insurance for decades. There was an addition put on (892 SF) in the mid to late 90’s. This 3,451 SF multi-tenant building (up to 4 suites available in the building) also includes a finished 2,522 SF basement (not included in SF calculation) and sits on a 0.59 acre site.
The main level is currently set up to be potentially demised into three (3) suites: North Suite has a private reception, three (3) offices, kitchenette, and two multi-stall restrooms; Middle Suite (occupied by State Farm) has a private reception, three (3) offices, breakroom, very large office that could be utilized as a conference room, and currently share restrooms with the North Suite; South Suite (addition) has one (1) office, open work area, private restroom, and private entrance. See floor plan for additional details
The basement of the facility is mostly open work space, however still features one (1) office, Large conference room/large office, vault, and two (2) restrooms.
This two-level office building was originally constructed in 1976 as a Savings & Loan Bank and has been partially occupied by State Farm Insurance for decades. There was an addition put on (892 SF) in the mid to late 90’s. This 3,451 SF multi-tenant building (up to 4 suites available in the building) also includes a finished 2,522 SF basement (not included in SF calculation) and sits on a 0.59 acre site.
The main level is currently set up to be potentially demised into three (3) suites: North Suite has a private reception, three (3) offices, kitchenette, and two multi-stall restrooms; Middle Suite (occupied by State Farm) has a private reception, three (3) offices, breakroom, very large office that could be utilized as a conference room, and currently share restrooms with the North Suite; South Suite (addition) has one (1) office, open work area, private restroom, and private entrance. See floor plan for additional details
The basement of the facility is mostly open work space, however still features one (1) office, Large conference room/large office, vault, and two (2) restrooms.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,928 SF
Building Class
C
Year Built
1977
Price
$295,000
Price Per SF
$49.76
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,928 SF
Building FAR
0.23
Lot Size
0.59 AC
Zoning
B-3 - General Business
PROPERTY TAXES
| Parcel Number | 93-21-21-126-046 | Improvements Assessment | $143,430 |
| Land Assessment | $80,400 | Total Assessment | $223,830 |
PROPERTY TAXES
Parcel Number
93-21-21-126-046
Land Assessment
$80,400
Improvements Assessment
$143,430
Total Assessment
$223,830
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