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    114 Vine St Urbana, IL 61801

    Sponsored
    For Lease
    Contact for pricing

    Prime Urbana retail space, 8 units available.

    Lot size:
    85,196 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    Urbana Crossing, a thriving neighborhood shopping center in Urbana, Illinois, presents a unique investment opportunity. Strategically located at the highly visible, signalized intersection of North Vine Street and East Main Street, this center boasts a total of 85,196 square feet. The property is anchored by a Schnucks grocery store, ensuring consistent foot traffic and a strong customer base. Currently, there are eight available spaces ranging in size from a minimum of 1,300 square feet to a maximum contiguous space of 3,000 square feet, with a total of 8,700 square feet currently vacant. The center sits on a sizable 85,196 square foot lot, providing ample parking and visibility. The Champaign-Urbana market is exceptionally strong, fueled by the presence of the University of Illinois and its substantial student population of 56,000. This presents a compelling opportunity for businesses seeking to tap into a vibrant and densely populated market. The property's location at a major intersection ensures high visibility and accessibility, making it an ideal location for a variety of retail businesses. The available spaces offer flexibility for businesses of various sizes, making it an attractive option for both established businesses and new ventures. The property is located at 114 N Vine St, Urbana, IL 61801, in Champaign County.

    Property Features for 114 Vine St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    85,196 SF

    Unit(s) available at that property

    Space
    Outlot 5
    Size
    13,068 SF
    Space
    Outlot-4
    Size
    12,197 SF
    Space
    Suite 114Q
    Size
    1,520 SF
    Space
    Suite 114K
    Size
    3,000 SF
    Space
    Suite 114P
    Size
    1,320 SF
    Space
    Suite 114C
    Size
    1,400 SF
    Space
    Suite 114G
    Size
    1,400 SF
    Space
    114D
    Size
    2,800 SF

    HighLights

    • Schnucks‑anchored center, a leading Midwest grocery store.
    • Strong location near University of Illinois and a major shopping mall.
    • Diverse tenant mix catering to a wide range of consumer demands.
    Property Profile Location Intelligence

    Current Use by Public Records

    Xinh Xinh Cafe Vietnamese Restaurant Schnucks Grocery Store Andrea Gadway Physical Therapist Direct Payday Loans Loan Agency Rebecca Heffernan Physical Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.203488
    Latitude
    40.113749

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Urbana retail space, 8 units available.
    Where is this lifestyle center located?
    The property is located at 114 Vine St Urbana, IL.
    What are key features of this property?
    This property features: Schnucks-anchored center, a leading Midwest grocery store.; Strong location near University of Illinois and a major shopping mall.; Diverse tenant mix catering to a wide range of consumer demands.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 Vine St Urbana, IL 61801
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