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For-Sale Office Property
For Sale
$970,000

507 S Broadway Avenue, Urbana, IL 61801

COMMERCIAL - Urbana, IL

Property SizeContact for details
Lot Size0.46 Acres
Days on Market103

Property Features for 507 S Broadway Avenue

General Information

Property type Commercial Sale
Property subtype Office
Directions PNC bank building in Urbana; south of Illinois between Race & Vine St.
Subdivision Urbana
Standard status Active
APN 922117252013
Lot size 0.46 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LOTS 1, 34, 35, 36 BUSEY'S, JAMES, ADD AND OTHER LAND
Tax Annual Amount 16892
Legal Description LOTS 1, 34, 35, 36 BUSEY'S, JAMES, ADD AND OTHER LAND

Utilities

Cooling system Zoned, Central Air

Building Details

Year built 1972
Floors in Building 2
Number of units 4
Listing Agency: Weiner Co., Ltd.
Listed By: Jonah Weisskopf · License #475155882
Added: May 8 Changed: Aug 4 Last Checked: Aug 18 at 7:06AM
MLS# 12643342

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 for-sale commercial office property is listed as Office Units / Office Spaces and is situated on an approximately 0.46-acre lot.

The property address is 507 S Broadway Avenue, Urbana, IL 61801, in Champaign County. The listing does not provide building square footage or unit breakdown, so interested parties should confirm current layout and improvements during due diligence.

Key Highlights

  • Central air cooling with zoned system
  • Built in 1972

Property Analytics

Current Use

PNC Bank Bank Tepper Mann & Cottrell Law Firm PNC Mortgage Loan Service Arlynn Gottlieb, M.S.W., ... Psychotherapist Sarah M Waterman, ... Alternative Medicine Practice

Suggested Use

Top Pick Dental Office Plumbing Service Locksmith Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,237
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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - For-sale office property offered with an approximately 0.46-acre lot.
Where is this office units located?
The property is located at 507 S Broadway Avenue Urbana, IL.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Central air cooling with zoned system; Built in 1972
More about this property
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