901 University AveUrbana, IL 61801

  • Other commercial real estate
For Lease
$16/SF/YR View listing

Property Details for 901 University Ave

Property type
Other commercial real estate
APN
912107484003
APU
912107484003

Description

This Class A, three-story office building, totaling 32,000 square feet, is situated at the corner of University Avenue and Lincoln Avenue in Champaign County, offering exceptional visibility and accessibility. Built in 2009, the property features multiple suites ranging from approximately 4,505 to 12,014 rentable square feet, currently with 5,185 square feet vacant. Each suite boasts modern finishes and includes amenities such as private offices, open work areas, conference rooms, break rooms, and ample storage. Suite layouts are thoughtfully designed to accommodate a variety of business needs, from traditional office setups to medical or creative office spaces. The building is zoned B-3 General Business, allowing for diverse commercial uses. Its strategic location near the University of Illinois, Carle Hospital, OSF Heart of Mary Medical Center, and Crystal Lake Park, coupled with its proximity to major roadways (Interstate 74) and a wealth of dining options, makes it an ideal location for businesses seeking high visibility and convenient access to amenities. The 2024 estimated NNN expenses of $10.26 per square foot include real estate taxes, building insurance, and common area maintenance. The asking rent is $16.00 per square foot, NNN. The property's APN is 91-21-07-484-003, 007, 008.

901 University Ave, Urbana, Illinois
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Location Insight

City
Urbana
County
Champaign
State
Illinois
Latitude
40.1161
Longitude
-88.2198
CBSA code
16580
CBSA name
CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$187,242
$197,200
$1,563,090
$1,760,290
-
$591,600
$4,689,270
$5,280,870

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