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    1605 N Cunningham Ave Urbana, IL 61802

    For Sale
    $350,000

    Vacant retail building with parking, close to I-74.

    Property size:
    3,699 SF
    Lot size:
    0.64 Acres

    Property Features for 1605 N Cunningham Ave

    General Information

    Size
    3,699 SF
    Lot size
    0.64 Acres

    Source: Cushman & Wakefield - OR Agent James Lewis

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

    Overview

    Vacant Retail Building Near I-74

    This vacant building, totaling 3699 square feet, is located near I-74. Situated in the center of the block and across from 45, it is suitable for retail space. Several operating and closed stations are located within the same block. The property offers convenient access to the University of Illinois, Carle, and OSF hospitals. The floor plan is suitable for many retail users and includes on-site parking.
    Insight Report Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.1992742
    Latitude
    40.1285117

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    FAQs

    What type of property is this?
    Retail space - Vacant retail building with parking, close to I-74.
    Where is this retail space located?
    The property is located at 1605 N Cunningham Ave Urbana, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Excellent floor plan suitable for many retail users.; - Plenty of onsite parking.; - Convenient access to the University of Illinois, Carle, and OSF hospitals.
    (503) 279-1743
    Request Owner's contact information
    1605 N Cunningham Ave 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
    1605 N Cunningham Ave Urbana, IL 61802
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