Commercial Land With Existing
For Sale
$139,900
507 Crystal Lake Drive, Urbana, IL 61802
MULTI-zoned parcel includes a remaining structure with apartment and shop components.
Property SizeContact for details
Days on Market134
Property Features for 507 Crystal Lake Drive
General Information
Standard status
Active
Property subtype
Commercial
Zoning
MULTI
Taxes and HOA fees
Annual Taxes
$2,687
Building Details
Year Built
1946
Stories
1
Units
1
Listing Agency:
RE/MAX REALTY ASSOCIATES-CHA
(217) 352-5700
Listed By:
Eddie Mullins · License #475131641
(217) 352-5700
Source:
Perillorealestategroup
Added: Apr 9
Changed: Aug 17
Last Checked: Aug 20 at 1:57PM
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 RE/MAX REALTY ASSOCIATES-CHA
Investment Insights
Based on property information with market context.
This commercial land parcel spans 1/3 of an acre and includes one remaining building. Constructed in 1946, the structure contains an apartment along with a shop area that has served as storage, a work area, and laundry facilities. The property was originally developed as a mobile home park.
Located at 507 Crystal Lake Drive in Urbana, the parcel offers access to both Cunningham Avenue and University Avenue. The MULTI zoning designation and existing improvements provide the documented framework for evaluating future plans, subject to applicable approvals and requirements.
Located at 507 Crystal Lake Drive in Urbana, the parcel offers access to both Cunningham Avenue and University Avenue. The MULTI zoning designation and existing improvements provide the documented framework for evaluating future plans, subject to applicable approvals and requirements.
Key Highlights
- 1/3‑acre commercial land parcel
- MULTI zoning designation
- One remaining building with apartment and shop areas
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - MULTI-zoned parcel includes a remaining structure with apartment and shop components.
Where is this commercial land located?
The property is located at 507 Crystal Lake Drive Urbana, IL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 1/3‑acre commercial land parcel; MULTI zoning designation; One remaining building with apartment and shop areas
