2702-2708 N Cunningham Ave, Unit Urbana Urbana, IL 61802

This redevelopment opportunity is located on the hard corner of Rt. 45/Cunningham Ave & Airport Rd in Urbana. The subject property consists of four parcels and two existing buildings on roughly 2.7 acres. One building, located at 2708 N. Cunningham, is a 1,440 SF retail building constructed in 1973. It is currently leased to Black Jack’s Poker/Bar through 1/31/27 with a 2-year option to extend. The other building, located at 2704 N. Cunningham, is a 5,600± SF office/warehouse building constructed in 1989. It was originally utilized as a carpet store and most recently converted and used as an office for Riley Manufactured Homes, who will transition their office on additional parcels they own south of the subject. This building is configured with 14 private offices, 2 larger conference rooms, a kitchen, and Mezzanine storage. The building is fully conditioned and was last removed around 2008. Prior uses for the building included a significant amount of warehouse space in the rear of the building which has since been converted to office use. The 10’ x 10’ overhead door remains and a small garage area consisting of 13’ clear heights. One parcel is vacant and has no permanent structures. One parcel will be split according to the Parcel Map prior to closing. Two parcels are located in the county and are zoned B-4, General Business. Two parcels are annexed into the City of Urbana and have B-3, General Business District Zoning.