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One-Story Administrative and Classroom Building
For Sale
Contact for pricing
Pending

205 N Race St, Urbana, IL 61801

One-story building with partitioned offices, classrooms, and conference rooms, plus a partial basement and rear courtyard.

Property Size21,783 SF
Days on Market111

Property Features for 205 N Race St

General Information

Standard status Pending
Size 21,783 SF
Property subtype Office

Building Details

Stories 1
Listing Agency: Coldwell Banker Commercial Devonshire Realty
Listed By: Richard Harrington · License #IL
Source: Crexi
Added: Apr 11 Changed: Jul 21 Last Checked: Jul 30 at 9:49AM

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 Coldwell Banker Commercial Devonshire Realty

Investment Insights

Based on property information with market context.

The property is a one-story administrative and adult education facility totaling 21,783 square feet. Interior partitioning creates a mix of individual offices, classroom space, and conference rooms. The building also includes a partial 7,142 square foot basement. At the rear, there is a small courtyard that is open to Griggs Street.

The site is located at the southwest corner of North Race and West Griggs Street, just steps from Downtown Urbana. The property is within walking distance of retail and restaurant destinations, as well as Carle Foundation Hospital and Lincoln Square Mall.

Key Highlights

  • 21,783 SF one‑story building that formerly served as an Administrative Service and Adult Education center for Urbana School District
  • Building layout includes partitioned offices, classroom space, and conference rooms
  • Partial basement of 7,142 SF

Property Analytics

Current Use

Urbana School Superintendent High School Urbana Special Education High School

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Dental Office Building Supply Kitchen & Bath Showroom Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,195
Businesses Nearby

Demographics for 61801, IL

27,658
Population
13,468
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,122
Density / Sq Mi
$37,948
Median Household Income
$26,394
Median Earnings
$950
Median Rent
$184,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - One-story building with partitioned offices, classrooms, and conference rooms, plus a partial basement and rear courtyard.
Where is this office building located?
The property is located at 205 N Race St Urbana, IL.
What are key features of this property?
This property features: 21,783 SF one‑story building that formerly served as an Administrative Service and Adult Education center for Urbana School District; Building layout includes partitioned offices, classroom space, and conference rooms; Partial basement of 7,142 SF
(217) 352-7712 Call to check price and availability
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