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    Urbana, IL
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    Urbana, IL Commercial Land for Sale

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    Commercial Sale
    Updated: Aug 6
    Commercial Sale

    1209 E Colorado Ave, Urbana, IL 61801

    $725,000
    4,312 sqft
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    This listing looks promising.

    Here's a quick look at some key insights for

    1209 E Colorado Ave, Urbana, IL 61801

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    • Est. Cap Rate

      7%
      Above avg (5.9%)

    • Est. NOI

      $51K
      Annual

    • Price @ 7% Cap

      $726K
      Above asking
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    Assembled Mixed-Use Development Site
    Updated: Jun 29
    Assembled Mixed-Use Development Site

    507 Springfield Avenue, Urbana, IL 61801

    $550,000
    0.54 AC lot
    0.54‑acre assemblage combining 510 W Elm Street and 507 W Springfield Avenue
    0.41‑acre on‑grade parking lot zoned Mixed Office Residential (MOR)
    0.13‑acre parcel with an approximately 2,000‑square‑foot office building
    507 W Springfield Avenue is zoned B‑2 Neighborhood Business‑Arterial District
    Downtown Urbana location minutes from the University of Illinois campus
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    B-3 Commercial Land
    B-3 Commercial Land

    1009 N Cunningham Avenue, Urbana, IL 61802

    $225,000
    0.36 AC lot

    Vacant commercial parcel with B-3 General Business zoning and access along N Cunningham Avenue.

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    Commercial Land Near Interstate Exit
    Commercial Land Near Interstate Exit

    2005 N Kenyon Road, Urbana, IL 61802

    $355,000
    1.80 AC lot

    An Urbana parcel beside I-74 and US Route 45, adjacent to a hotel and conference center.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Urbana Land Ready to Build
    Urbana Land Ready to Build

    1011 and 1101 Bradley Avenue, Urbana, IL 61801

    $2,654,894
    11 sqft

    Land for sale in Urbana, Illinois, with interstate access.

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    Commercial Land Near Interstate
    Commercial Land Near Interstate

    905 W Killarney Street, Urbana, IL 61801

    $475,000
    1.06 AC lot

    B-3 General Business zoning and interstate access define the site’s commercial profile.

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    Urbana Land For Sale
    Urbana Land For Sale

    402 W Griggs Street, Urbana, IL 61801

    $400,000
    1.08 AC lot

    Commercial land available in Urbana, Illinois.

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    Prime Land Near University
    Prime Land Near University

    1301 N Lincoln Avenue, Urbana, IL 61801

    $1,200,000
    3.12 AC lot

    3.12-acre parcel near the University of Illinois.

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    Urbana Pad Site For Sale
    Urbana Pad Site For Sale

    2002 E Windsor Rd, Urbana, IL 61802

    $785,000
    155 sqft

    3.56 AC pad site in Southeast Urbana for development.

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    Improved Commercial Land with Mobile Park
    Improved Commercial Land with Mobile Park

    3202 E University Ave, Urbana, IL 61802

    Contact for pricing
    1.88 AC lot

    Improved corner commercial parcel with an operating mobile home park, including nine occupied pads and metered utilities.

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    Commercial Land at Highway Interchange
    Commercial Land at Highway Interchange

    2005 North Kenyon Road, Urbana, IL 61802

    $355,000

    COMMR-zoned land near an interstate and adjacent hotel and conference center.

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    Urbana Land with Development Potential
    Urbana Land with Development Potential

    Airport Rd, Vance Rd, & Cunningham Ave, Urbana, IL 61802

    $1,250,000
    26 sqft

    26.93 acres in Urbana with varied zoning and development opportunities.

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    Mixed-Use Property with Shop Area
    Mixed-Use Property with Shop Area

    507 Crystal Lake Drive, Urbana, IL 61802

    $139,900

    MULTI-zoned parcel includes an apartment and a separate shop area.

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    Commercial Land in East Urbana
    Commercial Land in East Urbana

    1806 Philo Road, Urbana, IL 61801

    $195,000

    Highly visible commercial land with business incentives and easy access.

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    Commercial Land Parcel
    Commercial Land Parcel

    2410 N Cunningham Ave, Urbana, IL 61801

    Contact for pricing

    Two lots form a combined commercial tract.

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    Zoned Commercial Land with Visibility
    Zoned Commercial Land with Visibility

    1307 N Lincoln Ave, Urbana, IL 61801

    Contact for pricing

    Commercial land in Urbana, zoned B3 and near Route 45 and I-74 for convenient access.

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    Urbana Commercial Lot in Stone Creek
    Urbana Commercial Lot in Stone Creek

    2810 Boulder Dr, Urbana, IL 61802

    Contact for pricing
    2.03 AC lot

    2.03-acre commercial lot in southeast Urbana's Stone Creek Commons.

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    Prime Urbana Development Opportunity
    Prime Urbana Development Opportunity

    2810 S Philo Rd, Urbana, IL 61801

    Contact for pricing
    4.82 AC lot

    4.82-acre lot in Stone Creek Commons, Urbana Enterprise Zone.

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    Commercial Lot in Stone Creek
    Commercial Lot in Stone Creek

    2730 Philo Rd, Urbana, IL 61802

    Contact for pricing
    1.01 AC lot

    1.01-acre commercial lot in southeast Urbana.

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    Prime Commercial Lot in Urbana
    Prime Commercial Lot in Urbana

    2202 E Windsor Rd, Urbana, IL 61802

    Contact for pricing
    9.72 AC lot

    9.72-acre commercial lot in southeast Urbana's Windsor Road corridor.

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    Urbana Commercial Lot For Sale
    Urbana Commercial Lot For Sale

    2601 S High Cross Rd, Urbana, IL 61802

    Contact for pricing
    6.53 AC lot

    6.53-acre commercial lot at Windsor & High Cross Road.

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    26 Acres Commercial Land Available
    26 Acres Commercial Land Available

    100 S High Cross Rd, Urbana, IL 61802

    Contact for pricing
    26.00 AC lot

    26 acres of commercial land with utilities, near retail.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 22 Active Listings in Urbana, IL, we suggest to view alternatives - similar 14 Off-Market properties to explore as potential leads.

    Off-Market Properties in Urbana, IL

    Consider similar Off-Market properties in Urbana, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1301 Washington St
    VACANT COMMERCIAL LAND

    1301 Washington St, Urbana, IL 61802-4447

    Value Estimation by Request
    View details
    2904 Tatman Ct
    VACANT COMMERCIAL LAND

    2904 Tatman Ct, Urbana, IL 61802

    $155,000
    Estimated value
    View details

    Urbana, IL Commercial Land Market Trends and Statistics

    Explore 36 commercial land for sale in Urbana, IL, showcased through 22 active listings on our real estate platform. These investment opportunities span a total of 2,615,926 square feet of properties for sale, with an estimated market value of $9,309,794.

    Sale prices for commercial lots in Urbana, IL start at $139,900, averaging $716,138, and reaching up to $2,654,894 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 45
    Commercial land 23
    Agricultural land / Farmland 3
    Waterfront Land 2
    Industrial land 1

    Demographics Overview

    Population 47K
    Population Growth (5Y) -5.1%
    Median Household Income $46,466
    College Educated 55.8%

    High-Yield Neighborhoods for Investment

    Identify Urbana submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61802 $574.5K
    61801 $733.8K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Champaign County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Urbana fall within the under-1-acre range.

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