Your email has been sent.
2702 N Cunningham Ave - REDEVELOPMENT OPPORTUNITY 1.48 Acres of Commercial Land Offered at $800,000 in Urbana, IL 61802
Investment Highlights
- Prominent corner presence at Cunningham Ave and Airport Rd with strong visibility along Rt 45
- Flexible General Business zoning across B-3 and B-4 districts supporting a wide range of commercial uses
- Strategic location less than one half mile from I-74 with easy access to Champaign-Urbana’s regional transportation network
- Rare Urbana redevelopment opportunity with three parcels totaling approximately 1.48 acres
- Existing conditioned office building with private offices, conference rooms, kitchen, and mezzanine storage
Executive Summary
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale this redevelopment opportunity on Rt. 45/Cunningham Ave & Airport Rd in Urbana. The subject property is comprised of three (3) parcels on roughly 1.48 acres.
2704 N. Cunningham is a 5,600± SF office/warehouse building constructed in 1989 that was originally utilized as a carpet store and most recently converted and used as an office for Riley Manufactured Homes. Riley Manufactured Homes will transition their office on additional parcels they own south of the subject. This building is currently configured with: 14 private offices, 2 larger conference rooms, kitchen, and Mezzanine storage. The building is fully conditioned and was last removed around 2008. Prior uses for the building included a significant amount of warehouse space in the rear of the building which has since been converted to office use. The 10’ x 10’ overhead door remains and a small garage area consisting of 13’ clear heights.
Parcel -022 is vacant and has no permanent structures. Parcel -039 will be spilt according to the Parcel Map prior to closing. Currently Parcel(s) -001 (2708 N Cunningham) & -039 reside in the county and are zoned B-4, General Business. Parcel(s) -021 & -022 are already annexed into the City of Urbana and have B-3, General Business District Zoning.
*Parcel -001 & -039 are currently located in the county and subject to county zoning
Area Description
Urbana-Champaign is conveniently located 135 miles from Chicago (south via I-57), 180 miles from St. Louis (northwest via I-57), 120 miles from Indianapolis (west via I-74), 90 miles & 50 miles from Peoria & Bloomington (northeast via I-74), and 90 miles & 50 miles from Springfield & Decatur (east via I-72).
Property Facts
| Price | $800,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.48 AC |
| Property Type | Land | ||
| Zoning | B3 - B-3, General Business District &B-4, General Business (county zoning)* | ||
| Price | $800,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.48 AC |
| Zoning | B3 - B-3, General Business District &B-4, General Business (county zoning)* |
1 Lot Available
Lot
| Price | $800,000 | Lot Size | 1.48 AC |
| Price Per AC | $540,540.54 |
| Price | $800,000 |
| Price Per AC | $540,540.54 |
| Lot Size | 1.48 AC |
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale this redevelopment opportunity on Rt. 45/Cunningham Ave & Airport Rd in Urbana. The subject property is comprised of three (3) parcels on roughly 1.48 acres.
Description
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale this redevelopment opportunity on Rt. 45/Cunningham Ave & Airport Rd in Urbana. The subject property is comprised of three (3) parcels on roughly 1.48 acres. 2704 N. Cunningham is a 5,600± SF office/warehouse building constructed in 1989 that was originally utilized as a carpet store and most recently converted and used as an office for Riley Manufactured Homes. Riley Manufactured Homes will transition their office on additional parcels they own south of the subject. This building is currently configured with: 14 private offices, 2 larger conference rooms, kitchen, and Mezzanine storage. The building is fully conditioned and was last removed around 2008. Prior uses for the building included a significant amount of warehouse space in the rear of the building which has since been converted to office use. The 10’ x 10’ overhead door remains and a small garage area consisting of 13’ clear heights. Parcel -022 is vacant and has no permanent structures. Parcel -039 will be spilt according to the Parcel Map prior to closing. Currently Parcel(s) -001 (2708 N Cunningham) & -039 reside in the county and are zoned B-4, General Business. Parcel(s) -021 & -022 are already annexed into the City of Urbana and have B-3, General Business District Zoning. *Parcel -001 & -039 are currently located in the county and subject to county zoning Area Description Urbana-Champaign is conveniently located 135 miles from Chicago (south via I-57), 180 miles from St. Louis (northwest via I-57), 120 miles from Indianapolis (west via I-74), 90 miles & 50 miles from Peoria & Bloomington (northeast via I-74), and 90 miles & 50 miles from Springfield & Decatur (east via I-72).
Property Taxes
| Parcel Numbers | Improvements Assessment | $212,320 | |
| Land Assessment | $63,320 | Total Assessment | $275,640 |
Property Taxes
Presented by
2702 N Cunningham Ave - REDEVELOPMENT OPPORTUNITY
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.