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    2601 High Cross Rd Urbana, IL 61802

    Sponsored
    For Sale
    $1,706,681

    Prime Commercial Lot, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.53-acre commercial lot is situated at the highly visible, signalized intersection of Windsor Road and High Cross Road (Rt. 130) in southeast Urbana, Illinois. Located within the Urbana Enterprise Zone, this fee-simple property (APN: 932122478001) offers unparalleled visibility and accessibility. The B3 zoning permits a variety of commercial uses, making it ideal for businesses seeking high traffic exposure. Its strategic location near the Stone Creek Subdivision and Atkins Golf Club at the University of Illinois, coupled with its proximity to Interstate 74 via High Cross Road, ensures a strong customer base. Windsor Road, a major arterial, provides easy connectivity to Champaign and the University of Illinois. The property boasts strong traffic counts due to its placement on a heavily traveled road. Build-to-suit options are available through The Atkins Group. This is a rare opportunity to acquire a prime commercial lot in a thriving area, offering significant potential for development and return on investment. The asking price is $1,706,681.

    Property Features for 2601 High Cross Rd

    General Information

    Property type
    Land
    Lot Size
    284,447 SF

    HighLights

    • High‑traffic corner lot at signalized intersection.
    • Excellent visibility due to high traffic counts.
    • Prominent location with exceptional visibility.
    • Located within an Enterprise Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Hotel & Motel Garden Center Daycare Center Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.163592
    Latitude
    40.0849

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, High Traffic Area
    Where is this land located?
    The property is located at 2601 High Cross Rd Urbana, IL.
    What is the asking price?
    The asking price for this property is $1,706,681.
    What are key features of this property?
    This property features: High-traffic corner lot at signalized intersection.; Excellent visibility due to high traffic counts.; Prominent location with exceptional visibility.
    (217) 355-2545
    Request Owner's contact information
    2601 High Cross Rd Urbana, IL 61802
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    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
    2601 High Cross Rd Urbana, IL 61802
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