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306 Springfield Ave Urbana, IL 61801

For Sale
$1,500,000

Iconic Downtown Urbana building, 9,800 sq ft.

Property size:
9,800 SF

Description

Added:
Feb 3, 2025
Days on Market:
307
This iconic 9,800 square foot free-standing retail building at 306 Springfield Avenue in Urbana, Illinois, presents a unique investment opportunity. Located in the heart of downtown, just blocks from the University of Illinois campus, this property boasts unparalleled visibility and high foot traffic. Previously home to a successful grocery and bakery for over three decades, the building offers a wealth of existing infrastructure, including extensive refrigeration space with freezers and shelving, a full bakery and kitchen, and a spacious cafe area. The property sits on a sizable 0.75-acre lot zoned for general commercial use, providing ample space for expansion or outdoor amenities. The interior is modern and updated, ready for immediate occupancy. The asking price is $1,500,000, with the option to purchase existing fixtures and equipment for an additional $200,000. This property is ideal for a single large business or could be easily adapted into a multi-tenant retail space. Its prime location and versatile layout make it an exceptional investment opportunity in a thriving community. The building's history as a beloved local establishment adds to its unique appeal and potential for continued success. This is a key-in-ready property ready for a new chapter.

Property Features for 306 Springfield Ave

General Information

Property type
Retail properties
Square Feet
9,800 SF

Building Details

Year Built
1980

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Nutrition On the Move Nutritionist Strawberry Fields Cafe Cafe World Harvest International ... Supermarket Afghan Cuisine Restaurant Afghan Restaurant

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Urbana
County
Champaign
State
Illinois
Longitude
-88.21141
Latitude
40.11263

FAQs

What type of property is this?
Retail property - Iconic Downtown Urbana building, 9,800 sq ft.
Where is this retail property located?
The property is located at 306 Springfield Ave Urbana, IL.
What is the asking price?
The asking price for this property is $1,500,000.
More about this property
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