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    115 Main St Urbana, IL 61801

    Sponsored
    For Lease
    $12 SF/Yr ($17,146 /Mo)

    Prime Urbana Office: 6,840 SF, Great Views

    Lot size:
    17,146 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional 6,840-square-foot office space available for lease in downtown Urbana, Illinois. Located on the third and fourth floors of 115 W Main St, this single-tenant property offers stunning views of the city. The space features 24+ private offices, a fourth-floor reception area conveniently located near the elevator, and multiple restrooms. A unique design element is a large open staircase connecting the third and fourth floors, creating a two-story open floor plan that includes a lounge with a grand window overlooking downtown. Additional amenities include balcony areas with built-in library shelving/work areas, and a breakroom/kitchenette. The building offers elevator and stairwell access from both Main Street and a connected parking deck, ensuring convenient access for tenants and clients. This versatile space, totaling 6,840 square feet within a 17,146-square-foot building, is ideal for a variety of office uses and could also potentially accommodate retail functions. Its prime location in the heart of downtown Urbana provides excellent visibility and accessibility within the University of Illinois community, with immediate proximity to numerous restaurants and retail establishments. The building is a four-story structure.

    Property Features for 115 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,146 SF
    Total Rate
    17146

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    Size
    6,840 SF
    Rate per SF
    $12

    HighLights

    • Prime downtown Urbana location.
    • Connected parking deck.
    • High‑quality office space with unique layout.
    • Secured access on all floors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Applied Pavement Technology, ... Engineering Consultant Encanto Restaurant and Bar Mexican Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2080353
    Latitude
    40.1121427

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    FAQs

    What type of property is this?
    Retail property - Prime Urbana Office: 6,840 SF, Great Views
    Where is this retail property located?
    The property is located at 115 Main St Urbana, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Urbana location.; Connected parking deck.; High-quality office space with unique layout.
    Request Owner's contact information
    115 Main St Urbana, IL 61801
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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
    115 Main St Urbana, IL 61801
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