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    2701 Cunningham Ave Urbana, IL 61802

    Sponsored
    For Sale
    Contact for pricing

    Prime Champaign County retail land for sale.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents seven individual outlots totaling 303,867 square feet of prime retail land situated at 2701 N Cunningham Ave, Urbana, IL 61802, within Champaign County. The property is ideally positioned for a variety of retail developments. Individual lot sizes offer flexibility for various project scales. Lot #1 encompasses 47,916 square feet, Lot #2 offers 49,222 square feet, and Lot #3 provides 33,105 square feet. Additionally, Lot #4 consists of 32,670 square feet, Lot #5 features 44,866 square feet, and Lot #6 also includes 44,866 square feet. Finally, Lot #7 comprises 51,400 square feet. This strategically located land presents a unique chance to establish a thriving retail presence in a vibrant community. The property's substantial size and individual lot availability cater to diverse development plans, making it an attractive investment for both established businesses and emerging entrepreneurs. Detailed site plans and further information are available upon request. Don't miss this chance to secure your piece of this exceptional retail land opportunity in Urbana, Illinois.

    Property Features for 2701 Cunningham Ave

    General Information

    Property type
    Land

    HighLights

    • Outlots available for sale.
    • Lot 1: 47,916 square feet available.
    • Lot 2: 49,222 square feet available.
    • Lot 3: 33,105 square feet available.
    • Lot 4: 32,670 square feet available.
    • Lot 5: 44,866 square feet available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Blain's Farm & Fleet ... Auto Repair Shop Blain's Farm & Fleet ... Department Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.1951305
    Latitude
    40.1406984

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    FAQs

    What type of property is this?
    Land - Prime Champaign County retail land for sale.
    Where is this land located?
    The property is located at 2701 Cunningham Ave Urbana, IL.
    What are key features of this property?
    This property features: Outlots available for sale.; Lot 1: 47,916 square feet available.; Lot 2: 49,222 square feet available.
    Request Owner's contact information
    2701 Cunningham Ave Urbana, IL 61802
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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
    2701 Cunningham Ave Urbana, IL 61802
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