Entity Owned Property summary
Northgate Plaza, a 49,830 square foot shopping center in Urbana, Illinois, presents a compelling value-add opportunity. Located on a 7.02-acre lot at 1502 & 1508 N Cunningham Ave (61802), this single-story, 1983-built property (renovated in 2023) boasts eight tenants, including Dollar General and Harbor Freight. Currently 83.04% occupied, the center offers significant upside potential. The asking price is $3,105,000, representing a price per square foot of $62.31, with a current NOI of… $241,121 and a pro-forma NOI of $313,365 (7.77% cap rate, 10.09% pro-forma cap rate). A substantial 8,450 square feet of vacant space allows for immediate NOI growth. The property benefits from recent capital improvements, including a 2022 roof replacement and recent HVAC upgrades. Leases are available, with options varying. The property's location near the University of Illinois (less than 2 miles), downtown Urbana (less than 1.5 miles), and downtown Champaign (approximately 3 miles), combined with its high visibility on a major retail corridor (N Cunningham Avenue) and proximity to I-74, ensures strong traffic and consumer base. The current average rent is $8.77, significantly below market rate of $16.32 NNN, presenting a substantial opportunity to increase profitability. The property is zoned commercial and features a fee simple ownership.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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