Urbana, IL Office Spaces for sale

Updated: Sep 22, 2025

Downtown Urbana Office/Warehouse Building

508 S Broadway Ave Urbana IL, Urbana, IL 61801

$1,152,375

9,251 sqft

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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This listing looks promising.

Here's a quick look at some key insights for

508 S Broadway Ave Urbana IL, Urbana, IL 61801

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Est. Cap Rate

8.2%
Above avg (5.9%)
Est. NOI

$94K
Annual
Mortgage

$613K
Recorded

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Updated: Jun 29

Mixed-Use Redevelopment Land Assemblage

507 Springfield Avenue, Urbana, IL 61801

$550,000

0.54 AC lot

Redevelopment assemblage in downtown Urbana: 510 W Elm St and 507 W Springfield Ave totaling 0.54 acres.
510 W Elm St is a 0.41‑acre on‑grade parking lot zoned Mixed Office Residential (MOR).
507 W Springfield Ave is a 0.13‑acre parcel with an approximately 2,000 SF office building zoned B‑2 Neighborhood Business‑Arterial District.
Cooling includes central air.
Year built: 1965.

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Office Building for Sale

507 S Broadway Avenue, Urbana, IL 61801

$970,000

0.46 AC lot

Office building offered for sale in Urbana, Illinois within Champaign County.

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Urbana Redevelopment Opportunity For Sale

2702-2708 N Cunningham Ave, Urbana, IL 61802

$600,000

2 sqft

Redevelopment opportunity on a hard corner in Urbana, Illinois.

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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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Downtown Urbana Retail Condominium

110 W Main St, Urbana, IL 61801

$459,900

6,200 sqft

Prime retail condominium in downtown Urbana with renovated space.

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Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 6 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.

Savoy, IL Commercial Space

501 Commerce Drive, Savoy, IL 61874

$1,850,000

3,365 sqft · 1.30 AC lot

Prime commercial space in a thriving Savoy location!

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Prime Commercial Lot in Savoy

103 Calvin Street, Savoy, IL 61874

$125,000

3,800 sqft · 0.33 AC lot

Last available lot in a thriving Savoy commercial area.

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Historic Mixed-Use Building with Parking

41 E. University Avenue, Champaign, IL 61820

$3,850,000

0.29 AC lot

1913 mixed-use building with off-street parking and large windows designed for natural light.

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Historic Mixed-Use Building in Champaign

41 E. University Avenue, Champaign, IL 61820

$3,850,000

22,052 sqft

Historic building with retail, residential, and office space.

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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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Savoy, IL Commercial Development Land

612 CLARENDON Court, Savoy, IL 61874

$450,000

5,000 sqft · 1.97 AC lot

1.97-acre commercial parcel in high-growth Savoy corridor.

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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 8 office spaces for sale in Urbana, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 15,453 square feet of properties for sale, with an estimated market value of $2,212,275.

Sale prices for office spaces in Urbana, IL start at $459,900, averaging $737,425, and reaching up to $1,152,375 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
61802	$600K
61801	$685.5K

Neighborhood

Average Price

61802

$600K

61801

$685.5K