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Mixed-Use Portfolio with Retail Space
For Sale
Contact for pricing
Pending

211 W Springfield Ave, Urbana, IL 61801

Multi-building portfolio combines market-rate apartments with retail space.

Property SizeContact for details
Days on Market144

Property Features for 211 W Springfield Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Public Transit Yes
Multifamily Units 56

Building Details

Buildings 6
Listing Agency: Boston Realty Advisors
Listed By: Kevin Benzinger · License #MA
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 8:18PM

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 Boston Realty Advisors

Investment Insights

Based on property information with market context.

This mixed-use portfolio comprises 6 buildings containing 56 market-rate residential units and 4 retail spaces. The residential component offers a range of layouts from studios through three-bedroom apartments, creating a broad unit mix across the collection.

The property combines residential and retail components within a single multi-building offering. Its configuration includes both apartment units and dedicated retail spaces, providing a clearly defined mixed-use profile.

Key Highlights

  • 56 market‑rate residential units
  • 4 retail spaces across the portfolio
  • Collection spans 6 buildings

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Electrical Service Auto Parts Store Pet Grooming Service (Bike/Boat/Book/etc) Store Storage Facility Nursing Home

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

Lease Details

56
Residential units

Location Intelligence

Trade Area within ½ mile

2,492
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-building portfolio combines market-rate apartments with retail space.
Where is this mixed-use property located?
The property is located at 211 W Springfield Ave Urbana, IL.
What are key features of this property?
This property features: 56 market‑rate residential units; 4 retail spaces across the portfolio; Collection spans 6 buildings
(617) 375-7900 Call to check price and availability
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