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    Urbana, IL Office Buildings for Sale

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    Champaign, IL Savoy, IL Philo, IL Saint Joseph, IL Tolono, IL Thomasboro, IL Mahomet, IL Fisher, IL
    Assembled Mixed-Use Development Site
    Updated: Jun 29
    Assembled Mixed-Use Development Site

    507 Springfield Avenue, Urbana, IL 61801

    $550,000
    0.54 AC lot
    0.54‑acre assemblage combining 510 W Elm Street and 507 W Springfield Avenue
    0.41‑acre on‑grade parking lot zoned Mixed Office Residential (MOR)
    0.13‑acre parcel with an approximately 2,000‑square‑foot office building
    507 W Springfield Avenue is zoned B‑2 Neighborhood Business‑Arterial District
    Downtown Urbana location minutes from the University of Illinois campus
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    Downtown Urbana Office/Warehouse Building
    Updated: Sep 22, 2025
    Downtown Urbana Office/Warehouse Building

    508 S Broadway Ave Urbana IL, Urbana, IL 61801

    Contact for pricing
    9,251 sqft 0.63 AC lot
    Prime downtown Urbana location near the Federal and County Courthouses and Lincoln Square Mall.
    9,251 SF building with 6,939 SF of professional office space and 2,312 SF of low‑bay warehouse space.
    Well‑maintained building, fully renovated in 1992.
    24 striped parking spaces** on a 0.63‑acre site, with abundant additional parking nearby.
    Office area includes 16 private offices, reception area, two conference rooms, restrooms, and kitchenette.
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    Assembled Downtown Commercial Land
    Assembled Downtown Commercial Land

    507 Springfield Avenue, Urbana, IL 61801

    $550,000
    Built 1965

    Two adjoining parcels include a parking lot and an office building, with zoning that allows residential and commercial uses.

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    See hot listings in Urbana

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    3 active listings match your search: Office Building for sale in Urbana, IL. Based on your search, we've also compiled 6 Potential Opportunities for your consideration: 4 properties in nearby cities and 2 land listings with development potential.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Mixed-Use Office and Retail Building
    Historic Mixed-Use Office and Retail Building

    41 E. University Avenue, Champaign, IL 61820

    $3,850,000
    22,052 sqft  Built 1913

    Built in 1913, this historic downtown building combines retail, office, and residential space with off-street parking.

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    Office Building with Basement
    Office Building with Basement

    810 S Century Boulevard, Rantoul, IL 61866

    $185,000
    11–18 people  2,795 sqft  Built 1955

    Office and storage property with flexible interior areas, central HVAC, landscaped grounds, and hard-surface parking.

    Central air and heating  Professionally landscaped grounds  Koi fish pond
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    Office Building with Basement
    Office Building with Basement

    810 S CENTURY Boulevard, Rantoul, IL 61866

    $185,000
    Built 1955  0.98 acres

    Flexible office and storage property with central HVAC, hard-surface parking, and landscaped grounds.

    Central air and heating  Professionally landscaped grounds  Koi fish pond
    View details
    Historic Mixed-Use Building
    Historic Mixed-Use Building

    41 E. University Avenue, Champaign, IL 61820

    $3,850,000
    0.29 acres  1 building  Built 1913  Contemporary Commercial Style

    A 1913 property brings together retail, residential, and office areas with paved off-street parking.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with Site Plans
    Commercial Land with Site Plans

    612 CLARENDON Court, Savoy, IL 61874

    $450,000
    1.97 acres  5,000 sqft
    Road access

    Village-approved plans and concrete parking pads are already in place for future commercial development.

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    Neighborhood Commercial Land
    Neighborhood Commercial Land

    4202 Nicklaus Drive, Champaign, IL 61822

    $750,000
    1.92 acres

    Vacant commercial parcel suited to neighborhood-serving office, retail, and service uses.

    View details

    Urbana, IL Office Buildings Market Trends and Statistics

    Explore 3 office buildings for sale in Urbana, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 9,251 square feet of properties for sale, with an estimated market value of $1,100,000.

    Sale prices for commercial office buildings in Urbana, IL average $550,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office buildings 5
    Office Units 4
    Medical Office Space 2

    Demographics Overview

    Population 47K
    Population Growth (5Y) -5.1%
    Median Household Income $46,466
    College Educated 55.8%

    High-Yield Neighborhoods for Investment

    Identify Urbana submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61801 $550K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Champaign County

    New Delisted

    How Realmo verifies these figures

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