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    2704 N Cunningham Ave Urbana, IL 61802

    For Lease
    $7 SF/Yr ($3,263 /Mo)

    5,600± SF office/warehouse building with flexible configuration.

    Property size:
    5,594 SF
    Lot size:
    0.40 Acres

    Property Features for 2704 N Cunningham Ave

    General Information

    Size
    5,594 SF
    Lot size
    0.40 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent AJ Thoma III

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

    Overview

    Office/Warehouse Building in Urbana

    The property at 2704 N. Cunningham is a 5,600± SF office/warehouse building constructed in 1989. Originally utilized as a carpet store, it was most recently converted and used as an office. The building is currently configured with 14 private offices, 2 larger conference rooms, a kitchen, and mezzanine storage. The building is fully conditioned. Prior uses for the building included a significant amount of warehouse space in the rear, which has since been converted to office use. A 10’ x 10’ overhead door remains, along with a small garage area consisting of 13’ clear heights.
    Insight Report Location Intelligence

    Current Use by Public Records

    Riley Homes, Inc. Modular Home Builder

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.1904543
    Latitude
    40.1413271

    Nearby Similar for Lease

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      Urbana Commercial Facility For Lease

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      Office spaces available in Urbana, IL, with utilities and WiFi.
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    • $9 SF/Yr
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      Urbana Commercial Property For Lease

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    • $12 SF/Yr
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      Urbana Retail Center Opportunity

      High-traffic retail space, diverse tenants.
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      Retail/Office Suites Near U of I

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    • $10 SF/Yr
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      Former Pharmacy with Drive-Thru

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      View Details

    FAQs

    What type of property is this?
    Office building - 5,600± SF office/warehouse building with flexible configuration.
    Where is this office building located?
    The property is located at 2704 N Cunningham Ave Urbana, IL.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - 5,600± SF office/warehouse building; - Features 14 private offices and 2 larger conference rooms; - Fully conditioned building for optimal comfort
    (217) 520-3299
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    2704 N Cunningham Ave Urbana, IL 61802
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    Urbana, IL 61802
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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
    2704 N Cunningham Ave Urbana, IL 61802
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