Mixed-Use Property With
For Sale
$139,900
507 Crystal Lake Drive, Urbana, IL 61802
COMMERCIAL - Urbana, IL
Property SizeContact for details
Lot Size0.32 Acres
Days on Market132
Property Features for 507 Crystal Lake Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MULTI
Directions
From US Rt. 45/Cunningham Ave., turn East on Crystal Lake Dr.
Subdivision
Urbana
Standard status
Active
APN
912108426003
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot pt Unknown Webber, W.T., Estate Sub
Tax Annual Amount
2687
Legal Description
Lot pt Unknown Webber, W.T., Estate Sub
Utilities
Utilities
Natural Gas Available
Cooling system
Window Unit(s)
Building Details
Year built
1946
Floors in Building
1
Number of units
1
Listing Agency:
RE/MAX REALTY ASSOCIATES-CHA · RE/MAX International
(217) 373-4964
Listed By:
Eddie Mullins · License #475131641
(217) 373-4964
Added: Apr 9
Changed: Aug 4
Last Checked: Aug 18 at 7:06AM
MLS# 12612473
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes a remaining building with an apartment and a separate shop area. The shop was previously used for storage, shop work, and laundry facilities. The structure was built in 1946 and features window unit cooling, while natural gas is available at the property. The parcel contains 0.3236 acres and carries MULTI zoning.
Located in Urbana, the property provides access to both Cunningham Avenue and University Avenue. The site was originally developed as a mobile home park, with the existing building now representing the remaining improvement. Its combination of residential and work-oriented space creates a straightforward base for a future project, subject to applicable approvals.
Located in Urbana, the property provides access to both Cunningham Avenue and University Avenue. The site was originally developed as a mobile home park, with the existing building now representing the remaining improvement. Its combination of residential and work-oriented space creates a straightforward base for a future project, subject to applicable approvals.
Key Highlights
- 0.3236‑acre parcel with MULTI zoning
- Remaining building includes an apartment and shop area
- Shop area previously served for storage, shop work, and laundry facilities
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,955
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?
Mixed-use property - Includes an apartment, shop area, and natural gas availability for varied property operations.
Where is this mixed-use property 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: 0.3236‑acre parcel with MULTI zoning; Remaining building includes an apartment and shop area; Shop area previously served for storage, shop work, and laundry facilities
