5 Points

110 - 202 E University, Urbana, IL

$3,900,000

Price

30,000 sqft

Building Size

4.6 acres

Lot Area

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Street
Map
Overview
Building Size
30,000 sqft
Lot Area
4.6 acres
Occupancy
100%
Year Built
2011
Description

The property contains 4.564 acres of land. The strip retail consists of two 15,00 Sq.Ft. multi-tenant retail buildings at the Gateway Subdivision on Five Points. It is zoned B-3 General Business by the City of Urbana. The units have exterior entrances and are oriented to the south, where the parking lot is located. Each suite shows 1 or 2 bathrooms. Individual suites were 1,2224 - 7,490 SqFt. The building was built in 2011 and 2015.

Brief Legal: Lot 100R Gateway Sub Replat Lts 100 and 101 and other land
Real Estate Taxes 2020: $135,310.50

The property is located on the northwest corner of 5 Points, offering access on both Cunningham and University Avenue corners. The subject lies at the intersection of primary traffic arteries and is one - half mile north of the downtown area and one half east of the Carle medical campus.

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.

Highlights
  • 30,000 SqFt Strip Retail
  • All Multi-Tenant Spaces are Leased
  • Prime Location Adjacent To large Commercial Area
  • Close To Downtown And Carle Hospital
Location
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