Mixed-Use Property with Shop
For Sale
$139,900
507 Crystal Lake Drive, Urbana, IL 61802
Commercial Sale, Urbana, IL
Property SizeContact for details
Lot Size0.32 Acres
Days on Market152
Property Features for 507 Crystal Lake Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MULTI
Directions
From US Rt. 45/Cunningham Ave., turn East on Crystal Lake Dr.
Subdivision
Urbana
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
Legal Description
Lot pt Unknown Webber, W.T., Estate Sub
Utilities
Utilities
Natural Gas Available
Cooling system
Window Unit(s)
Amenities
apartment
shop area
laundry facilities
Building Details
Year built
1946
Floors in Building
1
Number of units
1
Listing Agency:
RE/MAX REALTY ASSOCIATES-CHA · RE/MAX International
(217) 373-4964
Listed By:
Eddie Mullins · License #475131641
(217) 373-4802
Added: Apr 9
Changed: Aug 20
Last Checked: Sep 7 at 6:06AM
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 mixed-use property includes a remaining building configured with an apartment and a separate shop area. The structure was built in 1946 and includes window unit cooling, while natural gas is available at the property. The shop area was used for storage, shop work, and laundry facilities associated with the property.
The 0.3236-acre parcel is located at 507 Crystal Lake Drive in Urbana, with access to Cunningham Avenue and University Avenue. The property carries MULTI zoning and offers a compact existing improvement package for a range of mixed-use planning considerations.
The 0.3236-acre parcel is located at 507 Crystal Lake Drive in Urbana, with access to Cunningham Avenue and University Avenue. The property carries MULTI zoning and offers a compact existing improvement package for a range of mixed-use planning considerations.
Key Highlights
- 0.3236‑acre mixed‑use parcel at 507 Crystal Lake Drive, Urbana, IL 61802
- Remaining building includes an apartment and shop area
- Shop area includes space used for storage, shop work, and laundry facilities
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 61802, IL
19,460
Population
10,066
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
82.1 sq mi
ZIP Area
237
Density / Sq Mi
$58,588
Median Household Income
$40,600
Median Earnings
$996
Median Rent
$158,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing improvements combine an apartment with a dedicated shop area.
Where is this mixed-use 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: 0.3236‑acre mixed‑use parcel at 507 Crystal Lake Drive, Urbana, IL 61802; Remaining building includes an apartment and shop area; Shop area includes space used for storage, shop work, and laundry facilities
