Urbana, IL Land for Sale

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65 properties

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Updated: Aug 4, 2025

Medical Office Property with Expansion Parcel

1209 E Colorado Avenue, Urbana, IL 61801

$725,000

4,312 sqft 0.87 AC lot

Two contiguous parcels totaling 37,806 SF
4,312 SF medical office building at 1209 E Colorado Avenue
Adjacent vacant parcel at 1207 E Colorado Avenue
Suite 101: 2,262 SF leased through 3/31/2029 with a 5‑year renewal option
27 surface parking spaces and shared waiting area

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This listing looks promising.

Here's a quick look at some key insights for

1209 E Colorado Avenue, Urbana, IL 61801

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Est. Cap Rate

7%
Above avg (5.9%)
Est. NOI

$51K
Annual
Price @ 7% Cap

$726K
Above asking

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Updated: Jun 29

Assembled Commercial Land

507 Springfield Avenue, Urbana, IL 61801

$550,000

0.54 AC lot

0.54‑acre assemblage comprising 510 W Elm Street and 507 W Springfield Avenue
0.41‑acre on‑grade parking lot zoned Mixed Office Residential (MOR)
0.13‑acre parcel with an approximately 2,000‑square‑foot office building
Office building constructed in 1965 with central air
507 Springfield Avenue carries B‑2 Neighborhood Business‑Arterial District zoning

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B-3 Zoned Commercial Vacant Lot

1009 N Cunningham Avenue, Urbana, IL 61802

$225,000

0.36 AC lot

Vacant 0.36-acre B-3 lot in Urbana suited for general business development.

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Commercial Land with Highway Visibility

2005 N Kenyon Road, Urbana, IL 61802

$355,000

1.80 AC lot

1.8-acre commercial land parcel located near the I-74 and US 45/Cunningham Ave exit.

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Urbana Commercial Land For Sale

905 W Killarney Street, Urbana, IL 61801

$475,000

1.06 AC lot

Prime commercial land parcel in Urbana, Illinois, with high visibility.

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Wooded Land in Urbana, Illinois

Raintree Woods Drive lot: 9, Urbana, IL 61802

$117,500

1.00 AC lot

One acre of wooded land near Urbana, ideal for building.

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Urbana Homesite in Green Subdivision

3002 N Brickhouses Road, Urbana, IL 61802

$150,000

0.88 AC lot

0.88 acre homesite in sustainable living neighborhood.

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Urbana Land Ready to Build

1011 and 1101 Bradley Avenue, Urbana, IL 61801

$2,654,894

11 sqft

Land for sale in Urbana, Illinois, with interstate access.

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Urbana Land For Sale

402 W Griggs Street, Urbana, IL 61801

$400,000

1.08 AC lot

Commercial land available in Urbana, Illinois.

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Residential Lot in Stone Creek

2721 E Stone Creek Boulevard, Urbana, IL 61802

$69,900

0.25 AC lot

Build your dream home in Urbana's prestigious Stone Creek.

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Urbana Pad Site For Sale

2002 E Windsor Rd, Urbana, IL 61802

$785,000

155 sqft

3.56 AC pad site in Southeast Urbana for development.

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Prime Land Near University

1301 N Lincoln Avenue, Urbana, IL 61801

$1,200,000

3.12 AC lot

3.12-acre parcel near the University of Illinois.

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Land, Urbana, IL

2305 Stricker Lane, Urbana, IL 61802

$105,000

0.35 AC lot

Land · 0.35 Acres

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Assembled Commercial Land

507 Springfield Avenue, Urbana, IL 61801

$550,000

Assembled downtown site combines an on-grade parking lot with an existing office building.

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Land, Urbana, IL

3061 E Stone Creek Boulevard, Urbana, IL 61802

$115,000

0.57 AC lot

Land · 0.57 Acres

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Residential Lot Near University

1007 N Goodwin Avenue, Urbana, IL 61801

Contact for pricing

0.17 AC lot

Residential lot suitable for building a single-family home or duplex.

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Residential Homesite in Golf Community

2814 East Castlerock Drive, Urbana, IL 61802

$115,000

0.46 AC lot

Buildable homesite in Stone Creek subdivision with electric, gas, municipal water, and sewer available for construction.

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Land, Urbana, IL

2801 N Brickhouses Road, Urbana, IL 61802

$110,000

0.50 AC lot

Land · 0.50 Acres

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Commercial Land With Existing Building

507 Crystal Lake Drive, Urbana, IL 61802

$139,900

MULTI-zoned parcel includes a remaining structure with apartment and shop components.

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Land, Urbana, IL

2807 N Brickhouses Road, Urbana, IL 61802

$110,000

0.50 AC lot

Land · 0.50 Acres

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Improved Commercial Land with Mobile Park

3202 E University Ave, Urbana, IL 61802

Contact for pricing

1.88 AC lot

Improved corner commercial parcel with an operating mobile home park, including nine occupied pads and metered utilities.

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Land, Urbana, IL

2909 N Brickhouses Road, Urbana, IL 61802

$110,000

0.50 AC lot

Land · 0.50 Acres

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Urbana Land with Development Potential

Airport Rd, Vance Rd, & Cunningham Ave, Urbana, IL 61802

$1,250,000

26 sqft

26.93 acres in Urbana with varied zoning and development opportunities.

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Urbana Homesite in Stone Creek

2814 Castlerock Drive lot: R129, Urbana, IL 61802

$99,000

0.46-acre homesite in Urbana's premier golf course community.

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Urbana, IL Land Market Trends and Statistics

Explore 72 land for sale in Urbana, IL, showcased through 65 active listings on our real estate platform. These investment opportunities span a total of 6,219,696 square feet of properties for sale, with an estimated market value of $14,583,894.

Sale prices for lots in Urbana, IL start at $69,900, averaging $285,958, and reaching up to $2,654,894 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 47K

Population Growth (5Y) -5.1%

Median Household Income $46,466

College Educated 55.8%

High-Yield Neighborhoods for Investment

Identify Urbana submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
61802	$273.9K
61801	$609.7K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Champaign County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Urbana fall within the under-1-acre range.

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