Property profile

2701 N Cunningham Ave Urbana, IL 61802

FOR SALE
Commercial real estate
Property ID
US28-2207860
Entity Owned 3-yr Hold ~ Est. High Equity
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For Sale
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2701 N Cunningham Ave, Urbana, IL 61802
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Property summary

AI-generated overview

Blain's Outlots presents a significant retail opportunity in Urbana, Illinois. This exceptional property, located at 2701 N Cunningham Ave, offers a total of 303,867 square feet of commercial space across multiple tenancies. Currently, there are five available spaces, each ranging from a minimum of 44,866 square feet to a maximum contiguous space of 51,400 square feet. A substantial 238,270 square feet is currently vacant, providing flexibility for various retail concepts and expansion opportunities. The property is situated in Champaign County, within the vibrant city of Urbana, offering excellent visibility and accessibility. The precise location at 40.1406984 latitude and -88.1951305 longitude ensures convenient access for customers and employees. This is an ideal location for businesses seeking high-traffic exposure and a strong presence in a thriving community. The property's size and layout offer significant potential for both single-tenant and multi-tenant occupancy, making it a versatile option for a wide range of retail businesses. The zip code is 61802. This is a rare opportunity to secure prime retail space in a desirable location. Contact us today to learn more about leasing options and explore the possibilities.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 912104100017
UPID US28-2207860

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Department Store

Location

2701 N Cunningham Ave Urbana, IL 61802
Urbana metro Census 5402 CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2023
Last sale
$300,000
2 recorded transactions
2023
$300,000
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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