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Property profile & analytics

1405 Florida Ave Urbana, IL 61801-6011

  • Commercial real estate
  • 0.59 lot acres
OFF-MARKET
Last Sale
Jul 07, 2023
$45,000
Value Estimations
$70,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-0096054
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Grant Scofield - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
  • Tom Hancock - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
  • State Farm Insurance / Insurance Agency
  • Logistic Natural Hair Care School / Hair Salon

Property Details for 1405 Florida Ave

Lot size
0.59 lot acres
Property type
Commercial real estate
APN
932121126046
APU
932121126046

Description

This exceptional one-story office building, situated at 1405 E Florida Ave in Urbana, Illinois, presents a compelling investment opportunity. Built in 1976, the property boasts a total of 5,973 square feet, encompassing a main level of 3,451 square feet and a fully finished basement adding another 2,522 square feet of usable space. The brick exterior is complemented by four convenient exterior entrances, making it ideally suited for multi-tenant occupancy. Currently housing a State Farm office, the building's layout includes eleven private offices and open work areas, catering to a variety of professional uses. Its location on the Philo Road Retail Corridor, just one mile from the University of Illinois campus, ensures high visibility and significant traffic exposure. The combined average daily traffic (ADT) count on E Florida Ave and Philo Rd exceeds 13,000 vehicles. The property sits on a 25,700 square foot lot and features a sprinkler system. The asking price is $340,000, translating to $56.92 per square foot. The property is zoned B3 and is offered fee simple. This is a rare opportunity to acquire a well-located, versatile office building with significant upside potential.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $70,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Urbana
County
Champaign
State
Illinois
Longitude
-88.1917
Latitude
40.098
CBSA code
16580
CBSA name
CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$21,724
$73,360
$130,870
$204,230
-
$220,080
$392,610
$612,690
More about this property
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