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    1501 N Lincoln Ave Urbana, IL 61801

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    For Lease
    $20 SF/Yr ($6,845 /Mo)

    Highly visible 4,100 SF retail building near the University of Illinois.

    Property size:
    4,107 SF
    Lot size:
    1.68 Acres

    Property Features for 1501 N Lincoln Ave

    General Information

    Size
    4,107 SF
    Lot size
    1.68 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Jay Sikorski

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

    Overview

    Freestanding Retail Building Near University

    This highly visible 4,100-square-foot freestanding retail building is situated along one of Urbana’s primary thoroughfares, offering immediate access to Interstate 74 and excellent exposure from both North Lincoln Avenue and West Bradley Avenue. The site features three convenient points of ingress and egress, enhancing accessibility for customers and deliveries. Located near the University of Illinois, the property is surrounded by student housing and apartment communities to the north and south. The property sits on a prominent corner lot with a traffic signal and includes 10 fuel pump islands, ADA-compliant restrooms, and is zoned B3 – General Business, making it ideal for a variety of retail uses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Circle K Convenience Store Amazon Locker - Proctor Mailing Service Cardtronics ATM Atm Bitcoin Depot ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.220144
    Latitude
    40.1269

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    FAQs

    What type of property is this?
    Gas station - Highly visible 4,100 SF retail building near the University of Illinois.
    Where is this gas station located?
    The property is located at 1501 N Lincoln Ave Urbana, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible corner lot location on a primary thoroughfare with a traffic signal.; - Immediate access to Interstate 74 and excellent exposure from two major avenues.; - Freestanding 4,100-square-foot retail building.
    (217) 369-6643
    Request Owner's contact information
    1501 N Lincoln 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
    1501 N Lincoln Ave Urbana, IL 61801
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