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DOWNTOWN URBANA OFFICE FOR SALE 508 S Broadway Ave 9,251 SF Vacant Office Building Urbana, IL 61801 $1,152,375 ($124.57/SF)
INVESTMENT HIGHLIGHTS
- Upscale Finishes
- B-3, General Business District
- Adjacent to Federal & Country Courthouse(s)
- Adjacent to Federal & Country Courthouse(s) Zoning
EXECUTIVE SUMMARY
Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present for sale this professional office building located at 508 S. Broadway Avenue in downtown Urbana, Illinois.
Constructed in 1963 and fully renovated in 1992 for its current use as a law office, this 9,251 SF building sits on a 0.63-acre site and offers 24 striped parking spaces. The property has been well-maintained.
The building is currently configured with 6,939 SF of professional office space and 2,312 SF of low-bay warehouse space. The office area features approximately 16 private offices, a welcoming reception area, two large conference rooms, two sets of restrooms, and a kitchenette. The warehouse portion measures roughly 34’ x 68’ and includes a 7’ x 7’ overhead garage door for added flexibility. See floor plan for additional details.
Constructed in 1963 and fully renovated in 1992 for its current use as a law office, this 9,251 SF building sits on a 0.63-acre site and offers 24 striped parking spaces. The property has been well-maintained.
The building is currently configured with 6,939 SF of professional office space and 2,312 SF of low-bay warehouse space. The office area features approximately 16 private offices, a welcoming reception area, two large conference rooms, two sets of restrooms, and a kitchenette. The warehouse portion measures roughly 34’ x 68’ and includes a 7’ x 7’ overhead garage door for added flexibility. See floor plan for additional details.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,251 SF
Year Built
1963
Price
$1,152,375
Price Per SF
$124.57
Percent Leased
Vacant
Building Height
1 Story
Typical Floor Size
9,251 SF
Building FAR
0.34
Lot Size
0.63 AC
Zoning
B-3 - General Business District
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Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 92-21-17-253-009 | Improvements Assessment | $160,860 |
| Land Assessment | $145,810 | Total Assessment | $306,670 |
PROPERTY TAXES
Parcel Number
92-21-17-253-009
Land Assessment
$145,810
Improvements Assessment
$160,860
Total Assessment
$306,670
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DOWNTOWN URBANA OFFICE FOR SALE | 508 S Broadway Ave
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