306 Springfield Ave - Storefront Retail/Office FOR SALE


Urbana, IL 61801
$1,500,000 USD
217-621-4965
306 Springfield Ave, Urbana, IL for Sale
$1,500,000 USD
Storefront Retail/Office - FOR SALE
1/39
null | Request Cap Rate

306 Springfield Ave
Urbana, IL 61801


OVERVIEW

Welcome to the iconic 306 Springfield Ave, a landmark building nestled in the vibrant heart of Urbana, IL. This remarkable property, once the cherished home of Strawberry Fields/World Harvest Foods, has been a cornerstone of the community for over three decades, offering a unique blend of history and opportunity. As you approach this free-standing edifice, you'll be captivated by its commanding presence on a generous plot of over 3/4 of an acre of prime General Commercial land. The location is unparalleled, situated in the bustling downtown area and mere blocks from the prestigious University of Illinois campus, ensuring a constant flow of potential patrons and high visibility. Step inside and immerse yourself in a modern and updated facility that spans close to 10,000 square feet of versatile space. The air hums with potential, inviting you to envision your business thriving within these walls. The expansive refrigeration space, complete with freezers and shelving fixtures, stands ready to accommodate your inventory needs, while the aroma of freshly baked goods could once again waft from the full bakery and kitchen. Imagine the laughter and chatter of customers as they enjoy the offerings of the fully equipped spacious cafe, a space that presents an additional opportunity for your own venture or to host a tenant's business. The ambiance is ripe for creating a community hub where memories are made and traditions are born. This key-in ready gem is more than just a building; it's a canvas for your entrepreneurial dreams. Whether you see a bustling single business or a dynamic strip mall with multiple tenants, the possibilities are as vast as your vision. The listed price opens the door to this incredible structure, with the option to infuse it with the lifeblood of commerce by purchasing the fixtures and equipment for an additional $200,000. This is more than a transaction; it's an invitation to be part of Urbana's legacy and future. Don't let this rare opportunity slip through your fingers. Call to book your private showing appointment today and take the first step towards making 306 Springfield Ave the home of your business aspirations.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

Commercial

APN/PARCEL ID

92-21-17-130-015

ASK ABOUT THIS PROPERTY

Hazem JaberColdwell Banker Real Estate GroupMore Info
217-621-4965

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Hazem JaberColdwell Banker Real Estate GroupMore Info
217-621-4965

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