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    110 E University Ave Urbana, IL 61801

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    For Lease
    $12 SF/Yr ($1,590 /Mo)

    Retail space available in May 2025.

    Property size:
    1,590 SF
    Lot size:
    4.52 Acres

    Property Features for 110 E University Ave

    General Information

    Size
    1,590 SF
    Lot size
    4.52 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Zach Wetherell

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

    Overview

    Retail Space on University Avenue

    The property, located at 110 E. University Ave in Urbana, IL, features a 1,690-square-foot retail space. The layout includes an open retail area, a back area, one restroom, and an office/storage room. The space will be available in May 2025.
    Location Intelligence

    Current Use by Public Records

    Jerabek Wellness & Family ... Medical Clinic Lacey's Place Bar Lees Oriental Tattoo ... Tattoo Artist Verizon Cell Phone Store Gopher Games Game Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2382636
    Latitude
    40.1165001

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    FAQs

    What type of property is this?
    Retail space - Retail space available in May 2025.
    Where is this retail space located?
    The property is located at 110 E University Ave Urbana, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - 1,690 SF of open retail space; - Available May 2025; - Includes a back area
    (217) 821-8553
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    110 E University Ave Urbana, IL 61801
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    Urbana, IL 61801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    110 E University Ave Urbana, IL 61801
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