508 S Broadway Ave - Office FOR SALE


Urbana, IL 61801
$1,152,375 USD
217-403-3425
508 S Broadway Ave, Urbana, IL for Sale
$1,152,375 USD
Office - FOR SALE
1/3
null | Request Cap Rate

508 S Broadway Ave
Urbana, IL 61801


HIGHLIGHTS

  • Upscale Finishes
  • Adjacent to Federal & Country Courthouse(s)
  • B-3, General Business District
  • Adjacent to Federal & Country Courthouse(s) Zoning

OVERVIEW

Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present for sale this professional office building located at 508 S. Broadway Avenue in downtown Urbana, Illinois. Constructed in 1963 and fully renovated in 1992 for its current use as a law office, this 9,251 SF building sits on a 0.63-acre site and offers 24 striped parking spaces. The property has been well-maintained. The building is currently configured with 6,939 SF of professional office space and 2,312 SF of low-bay warehouse space. The office area features approximately 16 private offices, a welcoming reception area, two large conference rooms, two sets of restrooms, and a kitchenette. The warehouse portion measures roughly 34’ x 68’ and includes a 7’ x 7’ overhead garage door for added flexibility. See floor plan for additional details.

FOR SALE DETAILS

PRICE

$1,152,375 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

DOWNTOWN URBANA OFFICE FOR SALE

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

B-3

APN/PARCEL ID

92-21-17-253-009

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.