Residential Income Property with Shop
507 Crystal Lake Drive Urbana, IL 61802
For Sale
$139,900
COMMERCIAL - Urbana, IL
Lot Size0.32 Acres
Days on Market106
Property Features for 507 Crystal Lake Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MULTI
- Standard status
- Active
- APN
- 912108426003
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Lot pt Unknown Webber, W.T., Estate Sub
- Tax Annual Amount
- 2687
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1946
- Floors in Building
- 1
- Number of units
- 1
Listing Agency:
RE/MAX REALTY ASSOCIATES-CHA
(217) 373-4964
Listed By:
Eddie Mullins · License #475131641
(217) 373-4964
Added: Apr 9
Changed: Jun 9
Last Checked: Jul 23 at 5:06PM
MLS# 12612473
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a residential income parcel with a mobile home park history. While the park is no longer fully operating, one building remains on the site. The remaining structure includes an apartment along with a shop area that the owner previously used for storage, shop work, and laundry facilities for the property.
The parcel sits on approximately 0.3236 acres and is located with easy access to Cunningham Avenue and University Avenue, which may support tenant or customer visibility for a new project. The address is 507 Crystal Lake Drive in Urbana, Illinois (Champaign County).
For a buyer or operator looking for an adaptable income-oriented site, the presence of an on-site apartment plus dedicated shop/laundry space can support a range of residential and light workspace concepts, subject to applicable requirements. If you are considering a redevelopment plan, this configuration offers a practical starting point with existing improvements already in place and space for future use of the parcel.
The parcel sits on approximately 0.3236 acres and is located with easy access to Cunningham Avenue and University Avenue, which may support tenant or customer visibility for a new project. The address is 507 Crystal Lake Drive in Urbana, Illinois (Champaign County).
For a buyer or operator looking for an adaptable income-oriented site, the presence of an on-site apartment plus dedicated shop/laundry space can support a range of residential and light workspace concepts, subject to applicable requirements. If you are considering a redevelopment plan, this configuration offers a practical starting point with existing improvements already in place and space for future use of the parcel.
Key Highlights
- Large 1/3 acre parcel of land.
- Existing structure with apartment and shop area.
- Centrally located with easy access to Cunningham and University Avenues.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Parcel includes a remaining building with an apartment plus shop/laundry area, suited for conversion or continued residential use.
Where is this single family property located?
The property is located at 507 Crystal Lake Drive Urbana, IL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Large 1/3 acre parcel of land.; Existing structure with apartment and shop area.; Centrally located with easy access to Cunningham and University Avenues.
