507 S Broadway Avenue Urbana, IL $ 995,000
507 S Broadway Avenue
$ 995,000
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507 S Broadway Avenue

Urbana, IL, 61801
$ 995,000
Baths0.0 Sq 5,100

Monthly Estimate*

$ 6,613

507 S Broadway Avenue, Urbana, IL 61801 - Image 1
Studio

Commercial Property for sale in Urbana, IL

for $995,000. This 5,100 square foot building was built in 1972 on a lot size of 0.459137.

The space consists of seven offices, a large reception/lobby area, a record vault, a kitchenette, and separate men' s and women' s three-piece restrooms facilities. The space is accessed via elevator service from the main lobby and two stairwells. Multiple atriums provide natural light throughout the space. Large balcony space off of one office. Ample parking is available on site. Additional on-street parking is available. This property is eligible for TIF incentives from the City of Urbana. The space is located at 507 S. Broadway, Urbana, within easy walking distance of Lincoln Square Mall, the City of Urbana offices, the Champaign County Courthouse, the Federal Courthouse and downtown Urbana. Highway access is readily available via Vine Street/Cunningham Avenue to I-74. Aggressive zoning. Prime B-3 and B-4 zoning. Great location for future developments for a growing downtown Urbana. Owner financing is available with 25% downpayment at 6% with a 5 year Balloon.

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Commercial Active

Price

$ 995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 19,938

Style

Lot Size

0.459137

Year Built

1972

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

11936062

Features
General
Cooling Central Air Zoned
Year Built 1972
Electric Other
Tenant Pays Other
Stories 2
Township Cunningham
Property SubType Office
Tax Year 2021
Gross Income 129000
County Champaign
Net Operating Income 30400
Operating Expense 132000
Property Type Commercial Sale Office/Tech
Status Active
Directions PNC bank building in Urbana; south of Illinois between Race & Vine St.
City Urbana
NumberOfUnitsTotal 4
MLS Area Urbana
Lot Size Square Feet 20000
Street Name Broadway
Tax Annual Amount 19938
Additional Parcels Y/N Y
Leasable Area 0
Days on Market 8
Standard Status Active
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Exterior
Building Area Total 5100
Lot Dimensions 173X116
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Weiner Co., Ltd.

Broker

jonahweisskopf@hotmail.com

Email

Affordability Calculator

$8,275
Per Month
80%
20%
0%
Monthly Principal & Interest
$6,613
Monthly Property Taxes
$1,662
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/28/2023$995,000 Listed Price

Map


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507 S Broadway Avenue, Urbana, IL, 61801 is a Commercial Property for sale at $995,000 with 5,100 sqft and a lot size of 0.459137. 507 S Broadway Avenue is a studio with 0.0 baths and was built in 1972. The property's zip code is 61801 which is in Urbana, IL