Fully Occupied Shopping
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For Sale
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1502-1508 N Cunningham Ave, Urbana, IL 61802
Anchored by Harbor Freight Tools and Dollar General, the center sits near the University of Illinois Urbana-Champaign.
Property Size50,361 SF
Lot Size6.90 Acres
Price / SF$69.17
Days on Market6
Property Features for 1502-1508 N Cunningham Ave
General Information
Standard status
Active
Size
50,361 SF
Lot size
6.90 Acres
Property subtype
Retail
Occupancy
100%
Net Operating Income
$278,680
Financials
Asking Price
$3,483,494
Cap Rate
8%
Additional Details
Anchor Co-Tenants
Harbor Freight Tools, Dollar General
Building Details
Tenancy
Multi
Listing Agency:
Colliers - Rosemont, Illinois
Listed By:
Peter Block · License #471002226
(847) 384-2840
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 13 at 8:12AM
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 Colliers - Rosemont, Illinois
Investment Insights
Based on property information with market context.
Northgate Plaza is a neighborhood shopping center at 1502–1508 N Cunningham Ave in Urbana. The property includes approximately 50,361 square feet on a 6.90-acre site and is 100% leased. Harbor Freight Tools and Dollar General are the named anchors within a diverse retail tenant mix.
The center is positioned along N Cunningham Avenue near Interstate 74 and approximately 8 minutes south of the University of Illinois Urbana-Champaign campus. The Champaign-Urbana metro has a population near 230,000, with regional employment supported by the university, Carle Health, and Christie Clinic. Interstates 57, 72, and 74, along with University of Illinois Willard Airport, serve the broader market.
The property is offered with an 8.00% capitalization rate.
The center is positioned along N Cunningham Avenue near Interstate 74 and approximately 8 minutes south of the University of Illinois Urbana-Champaign campus. The Champaign-Urbana metro has a population near 230,000, with regional employment supported by the university, Carle Health, and Christie Clinic. Interstates 57, 72, and 74, along with University of Illinois Willard Airport, serve the broader market.
The property is offered with an 8.00% capitalization rate.
Key Highlights
- 100% leased neighborhood shopping center
- Approximately 50,361 square feet on a 6.90‑acre site
- Anchored by Harbor Freight Tools and Dollar General
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 37%
Home Improvements & Furnishings 10%
Hotels & Casinos 3%
Cracker Barrel Old Country Store
Dining
23,787 visits/mo
0.5 miles
Circle K
Shops & Services
22,427 visits/mo
0.2 miles
Dollar General
Shops & Services
7,760 visits/mo
0.0 miles
Harbor Freight Tools
Home Improvements & Furnishings
7,487 visits/mo
0.1 miles
Shell
Shops & Services
5,777 visits/mo
0.3 miles
Demographics for 61802, IL
19,460
Population
10,066
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
82.1 sq mi
ZIP Area
237
Density / Sq Mi
$58,588
Median Household Income
$40,600
Median Earnings
$996
Median Rent
$158,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Anchored by Harbor Freight Tools and Dollar General, the center sits near the University of Illinois Urbana-Champaign.
Where is this shopping center located?
The property is located at 1502-1508 N Cunningham Ave Urbana, IL.
What is the asking price?
The asking price for this property is $3,483,494.
What are key features of this property?
This property features: 100% leased neighborhood shopping center; Approximately 50,361 square feet on a 6.90‑acre site; Anchored by Harbor Freight Tools and Dollar General
