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312 Springfield Ave, Urbana, IL 61801

906 SF office space near University of Illinois campus.

Space Size906 SF
Days on Market1761

Property Features for 312 Springfield Ave

General Information

Standard status Active
Size 906 SF
Property subtype OFFICE
Lease Type Gross

Spaces For Lease

at 312 Springfield Ave
312 Springfield Ave $1,125/Mo
Size 906 SF
Type OFFICE
Lease Type GROSS
Availability AVAILABLE, Now
Sublease No
- 312 W Springfield is a 906 SF office space conveniently located between the University of Illinois campus and downtown Urbana. - This location provides high visibility office or retail space on the main floor of a multifamily residential complex. - The office space would be a great fit for a student to have a live-in style home workspace. - The layout boasts two private offices, an enclosed reception office, 567 SF of open space for lobby/office use, a coffee bar, and a private bathroom. - The building provides covered parking for tenants.
Contact us
Listing Agency: SVN | Ramshaw Real Estate, Inc.
Listed By: Jordan Dunahee · License #475181066
Source: Moodyscre
Added: Dec 9, 2021 Changed: Sep 9 Last Checked: Oct 4 at 7:16AM

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 SVN | Ramshaw Real Estate, Inc.

Investment Insights

Based on property information with market context.

The property at 312 W Springfield is a 906 SF office space situated between the University of Illinois campus and downtown Urbana. Located on the main floor of a multifamily residential complex, this space offers high visibility. The layout includes two private offices, an enclosed reception office, 567 SF of open space suitable for lobby or office use, a coffee bar, and a private bathroom. Covered parking is available for tenants. The office space could be a fit for a student to have a live-in style home workspace.

Key Highlights

  • High visibility location between the University of Illinois campus and downtown Urbana.
  • 906 SF office space suitable for office or retail use.
  • Layout includes two private offices, an enclosed reception office, and 567 SF of open space.

Property Analytics

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Current Use

Green Street Counseling ... Crisis Center

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Nail Salon Kitchen & Bath Showroom Hair Salon

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

NNN (Triple Net)
Lease Type
$2.24 /SF/Yr
CAM

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 units - 906 SF office space near University of Illinois campus.
Where is this office units located?
The property is located at 312 Springfield Ave Urbana, IL.
What is the lease rate?
The lease rate is $1,125/Mo.
What are key features of this property?
This property features: High visibility location between the University of Illinois campus and downtown Urbana.; 906 SF office space suitable for office or retail use.; Layout includes two private offices, an enclosed reception office, and **567 SF of open space**.
(309) 846-8941 Call to check price and availability
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