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Executive Summary
Opportunity awaits with this well-maintained commercial building offering over 3,500 square feet in a prime B-2 General Business zoning district. Located just six blocks from Urbana's vibrant downtown, you'll be close to an expanding business district filled with popular restaurants, unique shopping, a local brewery, bakery and an exciting mix of new businesses continuing to revitalize the area. Positioned on heavily traveled Miami Street (U.S. Highway 36), and is the City and County's main thoroughfare, this property provides outstanding visibility and exposure for virtually any business. The flexible floor plan offers endless possibilities to operate as one large commercial space or divide it into three separate storefronts for a multi-tenant investment. Each unit features its own furnace, and each storefront has a private restroom for a total of three bathrooms. The property also includes a blacktop parking lot, adding convenience for customers and employees. Occupy one storefront for your own business while generating additional income by leasing the other two spaces. Ideally situated near several of Urbana's most popular destinations, including the famous Crabill's Hamburgers, The Depot Coffee House and the Simon Kenton Bike Path, this location benefits from both local and visitor traffic. Whether you're an entrepreneur, investor, or expanding business owner, this versatile property is ready to bring your vision to life. Bring your business ideas and take advantage of this exceptional commercial opportunity!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,572 SF
Building Class
B
Year Built/Renovated
1991/1997
Price
$425,000
Price Per SF
$118.98
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.32 AC
Zoning
B-2 - General Business
Parking
11 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
30’ on Miami St
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | K48-25-00-01-15-003-00 | Improvements Assessment | $100,460 |
| Land Assessment | $9,670 | Total Assessment | $110,130 |
Property Taxes
Parcel Number
K48-25-00-01-15-003-00
Land Assessment
$9,670
Improvements Assessment
$100,460
Total Assessment
$110,130
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