Parking & Garage

Urbana, IL Parking Lots & Garages for Sale

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Champaign, IL Savoy, IL Philo, IL
Mixed-Use Redevelopment Land Assemblage
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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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Urbana, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

Automotive Workshop and Storage Facility
Automotive Workshop and Storage Facility

3523 W FARMINGTON Road, Peoria, IL 61604

$475,000
1.98 AC lot

A commercial property combining a mechanics workshop, storage units, and a leased sales lot for automotive-focused operators.

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Commercial Lots in Springfield, IL
Commercial Lots in Springfield, IL

3025 LINDBERGH Avenue lot: 1, Springfield, IL 62704

$370,260
0.85 AC lot

West side commercial lots available for sale in Springfield.

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Downtown Peoria Commercial Property
Downtown Peoria Commercial Property

2119 SW Adams St, Peoria, IL

$269,000
23,684 sqft · 1.64 AC lot

23,684 SF commercial property with ample parking in Peoria, IL.

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Paved and Fenced Parking Lot
Paved and Fenced Parking Lot

108 West Mason Street, Springfield, IL 62702

$184,000

Paved and fenced parking lot for sale.

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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 Lots in Springfield, IL
Commercial Lots in Springfield, IL

3025 LINDBERGH Avenue lot: 2, Springfield, IL 62704

$374,616
0.86 AC lot

West side commercial lots available for sale in Springfield.

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Bridgeview Industrial Lot For Sale
Bridgeview Industrial Lot For Sale

9901 S 76th Avenue, Bridgeview, IL 60455

$4,000,000
4.20 AC lot

4.2 acre industrial lot in prime Bridgeview location.

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West Englewood Vacant Land
West Englewood Vacant Land

2101 W 69th Street, Chicago, IL 60636

$125,000
0.35 AC lot

Vacant land in West Englewood, Chicago, ideal for manufacturing.

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Drive-Thru ATM on 0.444 Acres
Drive-Thru ATM on 0.444 Acres

2110 S. Main Street, Rochester, IN 46975

Contact for pricing
0.44 AC lot

Drive-thru ATM for sale near Kroger and Peace Tree Village.

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Urbana, IL Parking Lots & Garages Market Trends and Statistics

Explore 1 parking lots & garages for sale in Urbana, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $550,000.

Sale prices for parking garages in Urbana, IL start at $550,000, averaging $550,000, and reaching up to $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

Land 31
Retail properties & Spaces 24
Office Spaces 20
Commercial land 19
Residential income properties 12

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

Property Size Breakdown

The majority of commercial real estate listings in Urbana fall within the 25,000 to 50,000 square foot range.

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