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Building and Warehouse In Urbana

Listing was updated on: 10/01/2019
Building and Warehouse In Urbana Building and Warehouse In Urbana Building and Warehouse In Urbana Building and Warehouse In Urbana

Property Overview

Price/Rent PSF $ 499,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 2,845
Date Available 10/01/2019
Additional URL Link
Floors 1
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Description

Location
The property is located on the north side of University Avenue in Urbana, south of the railroad, west of Lincoln and east of Goodwin Avenue. The subject area includes fast food restaurants across the street on University Ave., with Pawn King directly to the west, as well as apartments, and an empty gas station adjacent to the east. University Avenue is intensely developed for commercial uses.

Champaign-Urbana is a Big Ten community and growing tech center. C-U connects with Interstates 57, 72, and 74. C-U is home to the University of Illinois, Parkland College, and two major regional hospitals (Carle Foundation and Presence Covenant Medical Center). Champaign County is a leader in education, health care, government, technology, industry and agriculture. Chicago is approx. 2 hours north, Indianapolis is approx. 2 hours west and St.Louis is approx. 2 1/2 hours south.


Sale
11,032 SF of land with a 2,845 SF building. The property is a one story masonry building with retail, office and a mezzanine storage area in the front portion, or south portion of the building. With the rear predominately being used as warehouse/storage. Eave heights are roughly 18 feet in the warehouse area. There is an overhead door on the south side of the building, and the east side of the building. A two-fixture bathroom with storage area is accessible from the retail area.

The subject is zoned B-3, General Business and the present use is considered a legally conforming use of the B-3 classification, although it is considered an interim use.
All public utilities serve the site. The parking lot is asphalt and concrete and has capacity of more than twenty vehicles.

Real Estate Taxes:
91-21-07-431-012: $1,277.76
91-21-07-431-013: $8,472.46
Total: 9,750.22

Brief Legal: Van Patten Sub of lot 15 W Stipe's Sub / Van Patten Sub of lot 15 W Stipe's Sub of part of the NE 1/4

Location

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