1605 N Cunningham Ave, Urbana, IL
Vacant retail building with parking, close to I-74.
- Added:
- Apr 12, 2022
- Days on Market:
- 1527
- Last Refresh:
- May 20 at 8:35 pm
Property Features for 1605 N Cunningham Ave
General Information
- Standard status
- Active
- Size
- 3,699 SF
- Lot size
- 0.64 Acres
- Property subtype
- RETAIL
Listing agent James Lewis License #475135028 (503) 279-1743
Listing office Cushman & Wakefield - OR (503) 279-1743
Listing date Apr 12, 2022
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - OR
HighLights
- Excellent floor plan suitable for many retail users.
- Plenty of onsite parking.
- Convenient access to the University of Illinois, Carle, and OSF hospitals.
- Located in the center of the block across from 45, ideal for retail.
- Close proximity to I‑74.
- Located amongst several operating and closed stations.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.8k | $13.20 |
| − Vacancy | −$4.2k | −$1.12 |
| EGI | $44.7k | $12.08 |
| − OpEx | −$13.4k | −$3.62 |
| NOI | $31.3k | $8.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.1993
- Latitude
- 40.1285
