1605 N Cunningham Ave, Urbana, IL 61802
For Sale
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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.
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Cardtronics ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.