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Corner Mixed-Use Property
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1002 W University Ave, Urbana, IL 61801

The property sits near the University of Illinois campus and Carle Hospital.

Property SizeContact for details
Days on Market140

Property Features for 1002 W University Ave

General Information

Standard status Active
Property subtype Retail, Office, Mixed Use
Listing Agency: Coldwell Banker Real Estate Champaign
Listed By: HAZEM JABER · License #475.115567
Source: Crexi
Added: Apr 13 Changed: Aug 29 Last Checked: Aug 29 at 6:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Real Estate Champaign

Investment Insights

Based on property information with market context.

This mixed-use property is located at 1002 W University Ave in Urbana, Illinois. The space is described as adaptable for potential retail, office, or restaurant applications, providing a flexible setting for a commercial concept.

The property occupies the northeast corner near the University of Illinois at Urbana-Champaign. The surrounding context includes the university campus and Carle Hospital, placing the property within an area connected to academic and medical activity in Champaign County.

Key Highlights

  • Northeast corner location near the University of Illinois at Urbana‑Champaign
  • Near the University of Illinois campus and Carle Hospital
  • Potential applications include retail, office, or restaurant use

Property Analytics

Current Use

Niro’s Gyros Restaurant

Suggested Use

Top Pick HVAC Service Electrical Service Furniture & Home Goods Nail Salon (Bike/Boat/Book/etc) Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

487
Businesses Nearby

Demographics for 61801, IL

27,658
Population
13,468
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,122
Density / Sq Mi
$37,948
Median Household Income
$26,394
Median Earnings
$950
Median Rent
$184,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The property sits near the University of Illinois campus and Carle Hospital.
Where is this mixed-use property located?
The property is located at 1002 W University Ave Urbana, IL.
What are key features of this property?
This property features: Northeast corner location near the University of Illinois at Urbana‑Champaign; Near the University of Illinois campus and Carle Hospital; Potential applications include retail, office, or restaurant use
(217) 621-4965 Call to check price and availability
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