4904 N Cunningham Avenue, Urbana, IL 61802
- Added:
- Oct 17, 2025
- Days on Market:
- 239
- Last Refresh:
- Jun 12 at 11:06 am
Property Features for 4904 N Cunningham Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active Under Contract
- APN
- 251527100020
- Size
- 3,000 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- SEC 27, TWP 20N, RNG 9E
- Tax Annual Amount
- 3543
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1956
- Floors in Building
- 1
Listing agent Lisa Duncan License #475142322 (217) 356-6100
Listing office KELLER WILLIAMS-TREC 2441 Village Green Place, Champaign, IL (217) 356-6100
Listing date Oct 17, 2025
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Over 3,000 sq ft of versatile commercial space.
- Convenient access to the interstate.
- Previously used as a woodshop; suitable for similar business.
- Opportunity to customize the space.
- Includes a large workshop area, office, and two additional rooms.
- Central Air Conditioning.
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.9k | $6.96 |
| − Vacancy | −$1.1k | −$0.36 |
| EGI | $19.8k | $6.60 |
| − OpEx | −$5.9k | −$1.98 |
| NOI | $13.9k | $4.62 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.1813804
- Latitude
- 40.1676796
