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    3506 Cunningham Ave Urbana, IL 61802

    Sponsored
    For Sale
    $495,000

    5.23 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.23-acre property, located at 3506 N Cunningham Ave in Urbana, Illinois, presents a unique investment opportunity. Boasting over 675 feet of frontage on US Route 45 (Cunningham Avenue), this site offers unparalleled visibility and accessibility. Currently zoned B-4 (General Business District) and AG-2 (Agriculture District) in Champaign County, the property allows for diverse development possibilities, with potential for rezoning. The site comprises six parcels (APN: 25-15-33-278-001, -002, -003, -004, -005, -006) and includes six existing residential dwellings, currently leased month-to-month, generating a gross monthly revenue of $2,000. The property is being sold "AS IS, WHERE IS," and showings are by appointment only after an accepted offer. Please do not disturb the tenants. The location offers convenient access to major transportation arteries, including proximity to I-74 (within one mile). All utilities are available at the site. This prime location benefits from its strategic position near major cities, including Chicago (135 miles), St. Louis (180 miles), Indianapolis (120 miles), Peoria & Bloomington (90 & 50 miles), and Springfield & Decatur (90 & 50 miles). This presents a compelling opportunity for investors seeking high-traffic exposure and development potential in a thriving area. County zoning and taxes apply.

    Property Features for 3506 Cunningham Ave

    General Information

    Property type
    Farms
    Lot Size
    227,819 SF

    HighLights

    • 675' of frontage on US Route 45.
    • 1 mile from I‑74.
    • Champaign County zoning and taxes apply.
    • All utilities available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Storage Facility HVAC Service Bar & Pub Electrical Service Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.1847163
    Latitude
    40.1508313

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    FAQs

    What type of property is this?
    Farm - 5.23 Acres, High-Traffic Location
    Where is this farm located?
    The property is located at 3506 Cunningham Ave Urbana, IL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 675' of frontage on US Route 45.; 1 mile from I-74.; Champaign County zoning and taxes apply.
    Request Owner's contact information
    3506 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
    3506 Cunningham Ave Urbana, IL 61802
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