Development Land Opportunity For Sale

Description:

The subject property is situated less than a thousand feet from the intersection of Cunningham Avenue and University Avenue, just north of the 5 Points Commerce Centre. The property is in close proximity to several retail shopping centers and well-known national retailers. Directly across Cunningham Avenue to the west, you’ll find The Gateway Shoppes at Five Points. Nearby retailers include Walgreens, McDonald’s, Arby’s, Wendy’s, Jimmy John’s, U of I Credit Union, Panda Express, and Verizon.

507 Crystal Lake Dr. is a .35 acre lot, with a single structure ready for development. Formerly part of a larger grouping of parcels that included a now-cleared mobile home park, the site is zoned B-3, General Business, offering versatile potential for various uses. Utilities are already in place, and the location benefits from convenient access just off the Cunningham Avenue/Rt 45 commercial retail district in Urbana.
Setbacks and Development Overview:
– Setbacks: 15′ (F), 5′ (S), 10′ (R)
– Max FAR: 4.0
– Min OSR: None
– Max Height: None.

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