Skip To Content

507 S Broadway Avenue

Urbana, IL 61801
  • $970,000
  • STATUS: Active
  • ON SITE: 446 Days
  • MLS #: 11936062
UPDATED: 23 min ago
$970,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1972
County:
Area:

School Ratings & Info

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.

Monthly Payment Calculator



© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-17T12:08:02.963 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.anirealestate.com/homes/145523490
Print Image

507 S Broadway Avenue Urbana, IL 61801

  • Price: $970,000
  • Status: Active
  • On Site: 446 Days
  • Updated: 23 min ago
  • MLS #: 11936062
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1972
Built
Neighborhood:
Champaign
County:
Champaign
Area:
Champaign
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.
Interior Features

Cooling Central AirZoned Heat Ventilation Hot Water Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Approximate Age 36-50 Years Building Area Total 5100 Built Before1978 YN Yes Electric Other Fire Protection Fire Extinguisher/sHydrants On SitePartially Sprinklered Geographic Locale Central Illinois Gross Income 129000 Gross Scheduled Income 129000 Leasable Area 0 Mls Actual Status Active Net Operating Income 30400 Number Of Tenants 4 Operating Expense 132000 Property Offered For Sale Only Property Sub Type Office Rental Price 999 Tax Annual Amount 19938 Tax Year 2021 Tenant Pays Other Township Cunningham Type Office/Tech

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Weiner Co., Ltd.: .


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-17T12:08:02.963 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
Logo
Ani Real Estate
7300 S Cottage Grove Ave Suite B
Chicago IL, 60619-1910