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    Property profile & analytics
    FOR SALE
    Commercial real estate

    1605 N Cunningham Ave, Urbana, IL 61802

    Individually Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US28-1854183
    Property summary
    AI-generated overview

    This exceptional 3,699 square foot vacant storefront, located at 1605 N Cunningham in Urbana, Illinois, presents a remarkable investment opportunity. Built in 2002, this property boasts a desirable B-3 zoning designation and sits on a spacious 33,477 square foot lot (APN: 91-21-04-351-021). The asking price is $375,000, translating to $101.38 per square foot. Its convenient location offers excellent visibility and accessibility, situated near I-74 with a reported 16,000 vehicles passing daily. The property benefits from its central location within the block, directly across from a major thoroughfare (45), and its proximity to several operating and closed gas stations. Furthermore, its strategic position provides easy access to the University of Illinois, Carle Hospital, and OSF Hospitals, ensuring a robust potential customer base. The building itself features a highly functional and adaptable floor plan, ideal for a variety of retail uses. Ample on-site parking is available, enhancing the convenience for both customers and employees. This vacant building offers a blank canvas for a discerning investor seeking a high-traffic, well-located retail space in a thriving community. The property's size, location, and zoning make it an attractive proposition for a wide range of retail businesses.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 912104351021
    UPID US28-1854183
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cardtronics ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Storage Cunningham Aaa
    Storage Cunningham Aaa
    1 recorded transaction
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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