Two-Center Strip
For Sale
Contact for pricing
Pending
110 E University Ave, Urbana, IL 61801
Two multi-tenant retail centers serve a fully occupied site near the University of Illinois and Carle Foundation Hospital.
Property SizeContact for details
Days on Market145
Property Features for 110 E University Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Nathan Whalen · License #IN AB21402364
(317) 218-5329
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 31 at 7:46AM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
Gateway Shoppes includes two multi-tenant retail centers totaling 4.6 acres at 110 E University Ave in Urbana. The property is currently 100 percent occupied, with lease expirations distributed across different dates rather than concentrated in a single period. Tenant agreements are structured on a gross basis, and the largest occupant, Tricoci University, has a lease extending into summer 2027.
The site occupies the corner of E University Ave and Highway 45, where combined traffic reaches 35,400 vehicles each day. It is less than one mile from the University of Illinois campus, which has almost 60,000 students enrolled, and is near Carle Foundation Hospital, a 827-bed facility employing more than 1,000 doctors and advanced practice professionals. Nearby retailers include Schnucks, Niemann Foods, McDonald’s, Walgreens, McDonald’s, Arby’s, Wendy’s, Panda Express, and Jimmy John’s.
The site occupies the corner of E University Ave and Highway 45, where combined traffic reaches 35,400 vehicles each day. It is less than one mile from the University of Illinois campus, which has almost 60,000 students enrolled, and is near Carle Foundation Hospital, a 827-bed facility employing more than 1,000 doctors and advanced practice professionals. Nearby retailers include Schnucks, Niemann Foods, McDonald’s, Walgreens, McDonald’s, Arby’s, Wendy’s, Panda Express, and Jimmy John’s.
Key Highlights
- Two multi‑tenant retail centers occupy 4.6 acres
- Current occupancy is 100 percent
- Corner location at E University Ave and Highway 45 with 35,400 vehicles passing daily
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,087
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 57%
Shops & Services 37%
Dining 6%
County Market
Groceries
21,552 visits/mo
0.3 miles
Circle K
Shops & Services
10,007 visits/mo
0.4 miles
AutoZone
Shops & Services
3,134 visits/mo
0.2 miles
Papa John's Pizza
Dining
2,333 visits/mo
0.5 miles
Car-X Auto Service
Shops & Services
797 visits/mo
0.4 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Two multi-tenant retail centers serve a fully occupied site near the University of Illinois and Carle Foundation Hospital.
Where is this strip mall located?
The property is located at 110 E University Ave Urbana, IL.
What are key features of this property?
This property features: Two multi‑tenant retail centers occupy 4.6 acres; Current occupancy is 100 percent; Corner location at E University Ave and Highway 45 with 35,400 vehicles passing daily
