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507 S Broadway Avenue,  Urbana IL, 61801

(Active)
$995,000
|
5,100 sqft
|
MLS# 11936062
Last Updated: 5/19/2024 8:46 AM
Description for 507 S Broadway Avenue Urbana, IL 61801
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.
Price
$995,000
Champaign
5,100 (approx)
11936062
Active
Description
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.
Listing Information
Property Type: Office, Business Opportunities, 2 Story
0.46 Acres 5,100 (approx) 1972
2
Cunningham//
4 Total
Neighborhood
Room Information
Interior Features
Central Air, Zoned
Exterior / Lot Features
173X116
Driving Directions
PNC bank building in Urbana; south of Illinois between Race & Vine St.
Financial Considerations
922117252013
$19,938
Listing Price History

Urbana Real Estate

Urbana is located in Illinois. Urbana, Illinois 61801 has a population of 41,706.

The median household income in Urbana, Illinois 61801 is $39,865. The median household income for the surrounding county is $56,059 compared to the national median of $66,222. The median age of people living in Urbana 61801 is 33 years.

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Courtesy: Weiner Co., Ltd.
Listings courtesy of MRED as distributed by MLS GRID

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