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700 S Gregory St
Urbana, IL 61801
Gregory Place East · Multifamily Property For Sale
·
1 Unit
PROPERTY FACTS
| No. Units | 1 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 150,610 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | B | Year Built | 2000 |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 150,610 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2000 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Kitchen
- Granite Countertops
- Hardwood Floors
- Ice Maker
- Oven
- Tub/Shower
- Freezer
- Pantry
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Gameroom
- Grill
- Lounge
ABOUT 700 S GREGORY ST , URBANA, IL 61801
Gregory Place East, situated in the heart of the University of Illinois campus, is a mixed use urban neighborhood center. The property includes 15,000 sf of street level retail, 37,000 sf of university offices on the second floor, and three floors of luxury student apartments. Currently No. 7 Salon & Spa is available for sale and sublease. The space is currently set up with 6 stations, two separate rooms, 2 ADA restrooms, and a stock/break room. All FF&E & inventory to come with the sale. Current lease runs through May 2023. Current NNN expenses are estimated at $3.80/SF. Space could easily be remolded for another office/retail user. LOCATION DESCRIPTION Gregory Place East benefits from being located adjacent to the renowned Krannert Center for the Performing Arts and the Spurlock World Museum. Located one block west of Lincoln Avenue, other neighbors include the newly completed Alumni Center, the Admissions and Visitors Center, numerous densely populated student housing complexes and the center sits less than two blocks from the Quad.
PROPERTY TAXES
| Parcel Number | 93-21-18-280-022 | Improvements Assessment | $4,441,260 |
| Land Assessment | $683,590 | Total Assessment | $5,124,850 |
PROPERTY TAXES
