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306 Springfield Ave 9,800 SF 100% Leased Retail Building Urbana, IL 61801 $1,500,000 ($153.06/SF)

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EXECUTIVE SUMMARY

Welcome to the iconic 306 Springfield Ave, a landmark building nestled in the vibrant heart of Urbana, IL. This remarkable property, once the cherished home of Strawberry Fields/World Harvest Foods, has been a cornerstone of the community for over three decades, offering a unique blend of history and opportunity. As you approach this free-standing edifice, you'll be captivated by its commanding presence on a generous plot of over 3/4 of an acre of prime General Commercial land. The location is unparalleled, situated in the bustling downtown area and mere blocks from the prestigious University of Illinois campus, ensuring a constant flow of potential patrons and high visibility. Step inside and immerse yourself in a modern and updated facility that spans close to 10,000 square feet of versatile space. The air hums with potential, inviting you to envision your business thriving within these walls. The expansive refrigeration space, complete with freezers and shelving fixtures, stands ready to accommodate your inventory needs, while the aroma of freshly baked goods could once again waft from the full bakery and kitchen. Imagine the laughter and chatter of customers as they enjoy the offerings of the fully equipped spacious cafe, a space that presents an additional opportunity for your own venture or to host a tenant's business. The ambiance is ripe for creating a community hub where memories are made and traditions are born. This key-in ready gem is more than just a building; it's a canvas for your entrepreneurial dreams. Whether you see a bustling single business or a dynamic strip mall with multiple tenants, the possibilities are as vast as your vision. The listed price opens the door to this incredible structure, with the option to infuse it with the lifeblood of commerce by purchasing the fixtures and equipment for an additional $200,000. This is more than a transaction; it's an invitation to be part of Urbana's legacy and future. Don't let this rare opportunity slip through your fingers. Call to book your private showing appointment today and take the first step towards making 306 Springfield Ave the home of your business aspirations.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,800 SF
Building Class
B
Year Built
1980
Price
$1,500,000
Price Per SF
$153.06
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.61 AC
Zoning
Commercial - CG
Parking
44 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
165’ on W Springfield Ave

AMENITIES

  • Bus Line
  • Signage
  • Air Conditioning
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

H Mart
Starbucks
Busey Bank
Chase Bank
Panchero's Mexican Grill
7 Brew Coffee
PNC Bank
First Mid Bank
Heartland Bank & Trust Company
Perkins

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
92-21-17-130-015
Land Assessment
$124,100
Improvements Assessment
$187,200
Total Assessment
$311,300
  • Listing ID: 34646418

  • Date on Market: 1/29/2025

  • Last Updated:

  • Address: 306 Springfield Ave, Urbana, IL 61801

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