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312 W Springfield Ave, Urbana, IL 61801

906 SF office space near University of Illinois campus.

Space Size906 SF
Days on Market1994

Property Features for 312 W Springfield Ave

General Information

Standard status Active
Size 906 SF
Class A
Property subtype Office
Lease Type Gross

Building Details

Tenancy Single

Spaces For Lease

at 312 W Springfield Ave Contact us

Available Space

Size
906 SF
Type
Office
Lease Type
Gross
Availability
Active
Contact us
Listing Agency: Ramshaw Real Estate, Inc.
Listed By: Jordan Dunahee · License #IL 475181066
Source: Crexi
Added: Mar 5, 2021 Changed: Aug 8 Last Checked: Aug 19 at 11:10PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ramshaw Real Estate, Inc.

Investment Insights

Based on property information with market context.

The property at 312 W Springfield is a 906 SF office space situated between the University of Illinois campus and downtown Urbana. Located on the main floor of a multifamily residential complex, this space offers high visibility. The layout includes two private offices, an enclosed reception office, 567 SF of open space suitable for lobby or office use, a coffee bar, and a private bathroom. Covered parking is available for tenants. The office space could be a fit for a student to have a live-in style home workspace.

Key Highlights

  • High visibility location between the University of Illinois campus and downtown Urbana.
  • 906 SF office space suitable for office or retail use.
  • Layout includes two private offices, an enclosed reception office, and 567 SF of open space.

Property Analytics

Current Use

Green Street Counseling ... Crisis Center

Suggested Use

Top Pick Electrical Service Auto Parts Store Pet Grooming Service (Bike/Boat/Book/etc) Store Storage Facility Nursing Home

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

Lease Details

NNN (Triple Net)
Lease Type
$2.24 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,492
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
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Frequently Asked Questions

What type of property is this?
Office units - 906 SF office space near University of Illinois campus.
Where is this office units located?
The property is located at 312 W Springfield Ave Urbana, IL.
What is the lease rate?
The lease rate is $14.90 SF/Yr.
What are key features of this property?
This property features: High visibility location between the University of Illinois campus and downtown Urbana.; 906 SF office space suitable for office or retail use.; Layout includes two private offices, an enclosed reception office, and **567 SF of open space**.
(217) 359-3131 Call to check price and availability
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