Urbana, IL Office Spaces for Sale

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11 properties

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Updated: Aug 4, 2025

Medical Office Property with Expansion Parcel

1209 E Colorado Avenue, Urbana, IL 61801

$725,000

4,312 sqft 0.87 AC lot

Two contiguous parcels totaling 37,806 SF
4,312 SF medical office building at 1209 E Colorado Avenue
Adjacent vacant parcel at 1207 E Colorado Avenue
Suite 101: 2,262 SF leased through 3/31/2029 with a 5‑year renewal option
27 surface parking spaces and shared waiting area

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This listing looks promising.

Here's a quick look at some key insights for

1209 E Colorado Avenue, Urbana, IL 61801

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Est. Cap Rate

7%
Above avg (5.9%)
Est. NOI

$51K
Annual
Price @ 7% Cap

$726K
Above asking

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Updated: Jun 29

Assembled Commercial Land

507 Springfield Avenue, Urbana, IL 61801

$550,000

0.54 AC lot

0.54‑acre assemblage comprising 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
Office building constructed in 1965 with central air
507 Springfield Avenue carries B‑2 Neighborhood Business‑Arterial District zoning

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For-Sale Office Property

507 S Broadway Avenue, Urbana, IL 61801

$970,000

0.46 AC lot

For-sale office property offered with an approximately 0.46-acre lot.

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Multi-Tenant Administrative Office Campus

1776 E Washington St, Urbana, IL 61802

$3,300,000

93,000 sqft 20.00 AC lot

Adaptable office campus remodeled from institutional administrative use on a large, multi-tenant site.

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Industrial Property with Office Suites

3509 N Cunningham Ave, Urbana, IL 61802

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7,674 sqft

Steel buildings with concrete floors plus a remodeled office suite on adjoining parcels.

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Downtown Urbana Office/Warehouse Building

508 S Broadway Ave Urbana IL, Urbana, IL 61801

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9,251 sqft 0.63 AC lot

Professional office building with warehouse space in downtown Urbana.

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Professional Office Building For Sale

508 S Broadway Ave, Urbana, IL

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9,251 sqft 0.63 AC lot

Well-maintained 9,251 SF office building in downtown Urbana, Illinois.

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Assembled Commercial Land

507 Springfield Avenue, Urbana, IL 61801

$550,000

Assembled downtown site combines an on-grade parking lot with an existing office building.

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One-Story Administrative and Classroom Building

205 N Race St, Urbana, IL 61801

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21,783 sqft

One-story building with partitioned offices, classrooms, and conference rooms, plus a partial basement and rear courtyard.

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Urbana Office Building For Sale

1405 E Florida, Urbana, IL 61801

$295,000

Office building for sale in Urbana's South end.

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Flex Building with Warehouse Space

1208 N Cunningham Ave, Urbana, IL 61802

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Flex building on 1.37 acres offers retail showroom, office space, heated warehouse/storage, and fully HVAC service area.

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Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 11 Active listings in Urbana, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Historic Mixed-Use Office and Retail Building

41 E. University Avenue, Champaign, IL 61820

$3,850,000

22,052 sqft

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

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Historic Downtown Mixed-Use Building

41 E. University Avenue, Champaign, IL 61820

$3,850,000

0.29 AC lot

Standalone property combining office, retail, and residential space with paved off-street parking.

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Mixed-Use Commercial Office Building

1410 North Neil St, Champaign, IL 61820

Contact for pricing

3,279 sqft

Two-story commercial office building with separate HVAC by floor and dedicated electric services, plus garage with separate meter.

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Historic Mixed-Use Building

112 W Hill Street, Champaign, IL 61820

Contact for pricing

Six fully leased apartments sit above flexible commercial space in a landmark downtown building.

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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.

Prime Land Near University

1301 N Lincoln Avenue, Urbana, IL 61801

$1,200,000

3.12 AC lot

3.12-acre parcel near the University of Illinois.

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Prime Commercial Land in Champaign

803 N Mattis Avenue, Champaign, IL 61821

$465,000

1.89 AC lot

1.89-acre commercial land in high-visibility Champaign location.

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Commercial Development Land Parcel

612 CLARENDON Court, Savoy, IL 61874

$450,000

1.97 AC lot

1.97-acre commercial land parcel in Savoy, zoned for commercial uses, with concrete parking pads and village-approved site plans.

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Champaign Commercial Land For Sale

4202 Nicklaus Drive, Champaign, IL 61822

$750,000

1.92 AC lot

1.92-acre commercial lot in desirable Champaign location.

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Off-Market Properties in Urbana, IL

Consider similar Off-Market properties in Urbana, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Restaurants

2740 Philo Rd, Urbana, IL 61801

Value Estimation by Request

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Office Units

2860 Philo Rd, Urbana, IL 61802

Value Estimation by Request

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Urbana, IL Office Spaces Market Trends and Statistics

Explore 13 office spaces for sale in Urbana, IL, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 145,271 square feet of properties for sale, with an estimated market value of $6,390,000.

Sale prices for office spaces in Urbana, IL start at $295,000, averaging $1,065,000, and reaching up to $3,300,000 — 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

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	$591.3K
61802	$3.5M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Champaign County

New Delisted

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