Urbana Redevelopment Opportunity For
2702-2708 N Cunningham Ave Urbana, Urbana, IL 61802
Redevelopment opportunity on a hard corner in Urbana, Illinois.
Type:Office
Property size:
2 SFPrice / SF:
$300,000/SF- Added:
- Sep 10, 2025
- Days on Market:
- 254
- Last Refresh:
- Apr 5 at 8:14 pm
Property Features for 2702-2708 N Cunningham Ave Urbana
General Information
- Standard status
- Active
- Size
- 2 SF
- Property subtype
- Office
Listing agent Aj Thoma III, CCIM, SIOR License #476
Listing office Highland Homes Realty (888) 872-6006
Listing date Sep 10, 2025
Source Cbcworldwide
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 Highland Homes Realty
HighLights
- Prime redevelopment opportunity at the hard corner of Rt. 45/Cunningham Ave & Airport Rd in Urbana.
- Consists of approximately 2.7 acres across four parcels.
- Features two buildings: a 1,440 SF retail building and a 5,600± SF office/warehouse building.
- The 5,600± SF office/warehouse building is fully conditioned and includes 14 private offices, 2 conference rooms, a kitchen, and mezzanine storage.
- Existing income from a tenant (Black Jack’s Poker/Bar) with a lease through 1/31/27 and a 2‑year option.
- Zoned B‑3 and B‑4, General Business District, allowing for various potential uses.
Overview
This redevelopment opportunity is located on the hard corner of Rt. 45/Cunningham Ave & Airport Rd in Urbana. The subject property consists of four parcels and two existing buildings on roughly 2.7 acres. One building, located at 2708 N. Cunningham, is a 1,440 SF retail building constructed in 1973. It is currently leased to Black Jack’s Poker/Bar through 1/31/27 with a 2-year option to extend. The other building, located at 2704 N. Cunningham, is a 5,600± SF office/warehouse building constructed in 1989. It was originally utilized as a carpet store and most recently converted and used as an office for Riley Manufactured Homes, who will transition their office on additional parcels they own south of the subject. This building is configured with 14 private offices, 2 larger conference rooms, a kitchen, and Mezzanine storage. The building is fully conditioned and was last removed around 2008. Prior uses for the building included a significant amount of warehouse space in the rear of the building which has since been converted to office use. The 10’ x 10’ overhead door remains and a small garage area consisting of 13’ clear heights. One parcel is vacant and has no permanent structures. One parcel will be split according to the Parcel Map prior to closing. Two parcels are located in the county and are zoned B-4, General Business. Two parcels are annexed into the City of Urbana and have B-3, General Business District Zoning.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.1907
- Latitude
- 40.1411
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Redevelopment opportunity on a hard corner in Urbana, Illinois.
Where is this office building located?
The property is located at 2702-2708 N Cunningham Ave Urbana Urbana, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime redevelopment opportunity at the hard corner of Rt. 45/Cunningham Ave & Airport Rd in Urbana.; Consists of approximately 2.7 acres across four parcels.; Features two buildings: a 1,440 SF retail building and a 5,600± SF office/warehouse building.
