For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

507 Broadway Ave Urbana, IL 61801

View on Map
Loading data...
Loading data...
Loading data...
For Sale
$970,000

Downtown Urbana office space, ample parking, TIF eligible.

Property size:
5,100 SF

Property Features for 507 Broadway Ave

General Information

Property type
Office properties & Spaces
Square Feet
5,100 SF

Building Details

Year Built
1972

We can help!

Listing Contact
Jonah Weisskopf

Listing Agency: Weiner Co., Ltd. Listing Agent: Jonah Weisskopf

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This exceptional 5,100 square foot office building is ideally situated at 507 S. Broadway Avenue in Urbana, Illinois. The property boasts seven individual offices, a spacious reception/lobby area perfect for client interaction, and a secure record vault for sensitive documents. A convenient kitchenette and separate men's and women's restrooms add to the functionality of the space. Natural light floods the interior thanks to multiple atriums, creating a bright and welcoming atmosphere. One office even features a large private balcony. Access is convenient via elevator from the main lobby, or by using one of the two stairwells. Ample on-site parking is provided, supplemented by additional on-street parking options. The building's location offers unparalleled convenience, being within walking distance of Lincoln Square Mall, Urbana City offices, the Champaign County Courthouse, the Federal Courthouse, and the heart of downtown Urbana. Easy access to I-74 is provided via Vine Street/Cunningham Avenue. This property benefits from aggressive B-3 and B-4 zoning, presenting significant potential for future development in Urbana's growing downtown area. Furthermore, the City of Urbana offers TIF incentives for this location. Owner financing is available with a 25% down payment, a 6% interest rate, and a 5-year balloon payment. This presents a unique opportunity for a business seeking a prominent and well-equipped office space in a thriving urban setting.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

PNC Bank Bank Tepper Mann & Cottrell Law Firm PNC Mortgage Loan Service Arlynn Gottlieb, M.S.W., ... Psychotherapist Sarah M Waterman, ... Alternative Medicine Practice

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

Location Insight

  • Map
  • Local Demand
City
Urbana
County
Champaign
State
Illinois
Longitude
-88.20768
Latitude
40.10864

FAQs

What type of property is this?
Office property - Downtown Urbana office space, ample parking, TIF eligible.
Where is this office property located?
The property is located at 507 Broadway Ave Urbana, IL.
What is the asking price?
The asking price for this property is $970,000.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message