2702 N Cunningham Ave - Commercial LAND FOR SALE


Urbana, IL 61802 64,469 SF
$800,000 USD
217-403-3425
2702 N Cunningham Ave, Urbana, IL for Sale
$800,000 USD
Commercial LAND - FOR SALE
1/3
64,469 SF

2702 N Cunningham Ave
Urbana, IL 61802


HIGHLIGHTS

  • Prominent corner presence at Cunningham Ave and Airport Rd with strong visibility along Rt 45
  • Rare Urbana redevelopment opportunity with three parcels totaling approximately 1.48 acres
  • Flexible General Business zoning across B-3 and B-4 districts supporting a wide range of commercial uses
  • Existing conditioned office building with private offices, conference rooms, kitchen, and mezzanine storage
  • Strategic location less than one half mile from I-74 with easy access to Champaign-Urbana’s regional transportation network

OVERVIEW

Property Description Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale this redevelopment opportunity on Rt. 45/Cunningham Ave & Airport Rd in Urbana. The subject property is comprised of three (3) parcels on roughly 1.48 acres. 2704 N. Cunningham is a 5,600± SF office/warehouse building constructed in 1989 that was originally utilized as a carpet store and most recently converted and used as an office for Riley Manufactured Homes. Riley Manufactured Homes will transition their office on additional parcels they own south of the subject. This building is currently configured with: 14 private offices, 2 larger conference rooms, kitchen, and Mezzanine storage. The building is fully conditioned and was last removed around 2008. Prior uses for the building included a significant amount of warehouse space in the rear of the building which has since been converted to office use. The 10’ x 10’ overhead door remains and a small garage area consisting of 13’ clear heights. Parcel -022 is vacant and has no permanent structures. Parcel -039 will be spilt according to the Parcel Map prior to closing. Currently Parcel(s) -001 (2708 N Cunningham) & -039 reside in the county and are zoned B-4, General Business. Parcel(s) -021 & -022 are already annexed into the City of Urbana and have B-3, General Business District Zoning. *Parcel -001 & -039 are currently located in the county and subject to county zoning Area Description Urbana-Champaign is conveniently located 135 miles from Chicago (south via I-57), 180 miles from St. Louis (northwest via I-57), 120 miles from Indianapolis (west via I-74), 90 miles & 50 miles from Peoria & Bloomington (northeast via I-74), and 90 miles & 50 miles from Springfield & Decatur (east via I-72).

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/ACRE

$540,539/AC

PRICE/SF

$12 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

REDEVELOPMENT OPPORTUNITY

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

1.48 AC

LAND SF

64,469 SF

OFFSITE IMPROVEMENTS

-

ZONING

B3

APN/PARCEL ID

30-21-04-201-001,91-21-04-201-021,91-21-04-201-022

ASK ABOUT THIS PROPERTY

AJ Thoma IIIColdwell Banker Commercial Devonshire RealtyMore Info
217-403-3425

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AJ Thoma IIIColdwell Banker Commercial Devonshire RealtyMore Info
217-403-3425

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.