Value Add Urbana Office For Sale

Highlights:

• Annual Tax: $ 23086.06

Description:

Located in Urbana’s South end, the property benefits from its proximity to the Philo Road Business District. The surrounding area features a mix of retailers, professional offices, and residential/multi-family residences. In addition to the on-site parking, there is abundant parking available in the immediate area.

Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present for sale this office building located at 1405 E. Florida Avenue in Urbana, Illinois.

This two-level office building was originally constructed in 1976 as a Savings & Loan Bank and has been partially occupied by State Farm Insurance for decades. There was an addition put on (892 SF) in the mid to late 90’s. This 3,451 SF multi-tenant building (up to 4 suites available in the building) also includes a finished 2,522 SF basement (not included in SF calculation) and sits on a 0.59 acre site.

The main level is currently set up to be potentially demised into three (3) suites: North Suite has a private reception, three (3) offices, kitchenette, and two multi-stall restrooms; Middle Suite (occupied by State Farm) has a private reception, three (3) offices, breakroom, very large office that could be utilized as a conference room, and currently share restrooms with the North Suite; South Suite (addition) has one (1) office, open work area, private restroom, and private entrance. See floor plan for additional details

The basement of the facility is mostly open work space, however still features one (1) office, Large conference room/large office, vault, and two (2) restrooms.

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Listing ID: 7eeb0bbf-c079-48c9-bd4d-e49457f2ef7d

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