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    Residential Income Property with Shop Space Title is generated by Realmo AI

    507 Crystal Lake Drive, Urbana, IL 61802

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    Claim this Listing
    For Sale
    $139,900

    COMMERCIAL - Urbana, IL

    Lot size:
    0.32 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    87
    Last Refresh:
    Jul 4 at 1:06 am

    Property Features for 507 Crystal Lake Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    MULTI
    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

    Utilities

    Utilities
    Natural Gas Available
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1946
    Floors in Building
    1
    Number of units
    1

    We can help!

    Contact an agent
    Eddie Mullins
    Eddie Mullins

    Listing agent Eddie Mullins License #475131641

    Listing office RE/MAX REALTY ASSOCIATES-CHA 2009 Fox Drive - Suite G, Champaign, IL

    Listing date Apr 9, 2026

    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.

    HighLights

    • Large 1/3 acre parcel of land.
    • Existing structure with apartment and shop area.
    • Centrally located with easy access to Cunningham and University Avenues.
    • Property previously used as a Mobile Home Park.
    • Building includes shop area originally used for storage and laundry.
    • Natural Gas Available.

    Overview

    This property is a residential income parcel with a mobile home park history. While the park is no longer fully operating, one building remains on the site. The remaining structure includes an apartment along with a shop area that the owner previously used for storage, shop work, and laundry facilities for the property.

    The parcel sits on approximately 0.3236 acres and is located with easy access to Cunningham Avenue and University Avenue, which may support tenant or customer visibility for a new project. The address is 507 Crystal Lake Drive in Urbana, Illinois (Champaign County).

    For a buyer or operator looking for an adaptable income-oriented site, the presence of an on-site apartment plus dedicated shop/laundry space can support a range of residential and light workspace concepts, subject to applicable requirements. If you are considering a redevelopment plan, this configuration offers a practical starting point with existing improvements already in place and space for future use of the parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Dental Office Big Box & Wholesale Store Kitchen & Bath Showroom Furniture & Home Goods Building Supply Accounting Firm Storage Facility Tech Support Center Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2029027
    Latitude
    40.1186278

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    FAQs

    What type of property is this?
    Single family property - Parcel includes a remaining building with an apartment plus shop/laundry area, suited for conversion or continued residential use.
    Where is this single family 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: Large 1/3 acre parcel of land.; Existing structure with apartment and shop area.; Centrally located with easy access to Cunningham and University Avenues.
    (217) 373-4964
    We can help!
    Contact an agent
    Eddie Mullins
    Eddie Mullins
    Real Estate License ID: 475131641
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