$995,000
507 S Broadway Avenue Urbana, IL 61801
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$995,000
Est. payment /mo
5,100 SqFt
UPDATED:
08/19/2024 01:14 PM
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $195
MLS Listing ID 11936062
Year Built 1972
Annual Tax Amount $19,938
Tax Year 2021
Lot Dimensions 173X116
Property 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.
Location
State IL
County Champaign
Interior
Cooling Central Air, Zoned
Fireplace N
Exterior
View Y/N true
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jonah Weisskopf • Weiner Co., Ltd.
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959