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Property Overview

Price/Rent PSF $ 1,900,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 15,021
Date Available 02/02/2021
Additional URL Link
Floors 1
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Description

Location
The subject property is located just north of the Downtown Business District in the city of Urbana. Located is along the west side of Broadway Avenue, just north of the Penn Central Railroad tracks, two blocks north of Main Street, and one block south of University Avenue. Main St. is the principal east-west artery through the downtown community and University Avenue is a central roadway through the Champaign-Urbana community. The site has an irregular shape. Frontage on Broadway Avenue, facing east, rear boundary is the Boneyard Creek.



Champaign and Urbana are twin cities in Champaign County and are located in the heart of East Central Illinois. Champaign-Urbana is a Big Ten community and growing tech center. The University of Illinois has been the dominant force in making C-U a high tech area. The University has one of the few supercomputer bases in the country. This has helped to attract additional businesses. C-U connects with Interstates I-57, I-72, and I-74. It is also home to the Parkland College, and two major regional hospitals, Carle Foundation and OSF Healthcare. Champaign County is a leader in education, health care, government, technology, industry and agriculture. Chicago is approximately 2 hours north, Indianapolis is approximately 2 hours west and St. Louis is approximately 2 1/2 hours south.

Sale
The subject site is 30,000 sqft with an irregular shape. The one story commercial building size is 15,021 sqft. The building was constructed in 1963, The renovated building is a year round indoor open format gourmet food and beverage hall experience. The building is divided for use by multiple tenants which are currently offer food and beverage services. There are divided kitchen spaces as well as shared preparation areas. A single refrigeration cooler/freezer is located at the rear of the kitchen. it' s used for multiple tenants located at the northeast corner of the building and a large seating area to the south of the building. The renovation has included the insertion of a number of thermopane windows with exterior awnings to enhance the overall appeal. All public utilities available.



The site has surfaced parking area off Broadway Ave. for costumer parking. There is additional parking at the east section of the building. The property is B-4 Central Business zoning.



Brief Legal: That portion of Lot 4 lying north of the Penn Central Railroad right of way and east of the Boneyard Creek all in Park’s Addition of Out Lots to the to the Original Town of Urbana, Sec 8, Twp 19 N, R. 9 E. of the 3rd. PM Champaign County, Illinois.


Real Estate Taxes: $14,951

Location

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