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Property profile & analytics
FOR SALE
Commercial land

2810 Boulder Dr Urbana, IL 61802

Entity Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US28-2209135
Property summary
AI-generated overview

This exceptional 2.03-acre commercial lot presents a unique investment opportunity in the highly desirable Stone Creek Commons office park in southeast Urbana, Illinois. Located on Boulder Drive, this fee-simple property boasts a B3 zoning designation and is situated within the Urbana Enterprise Zone, offering potential tax advantages. The lot is ideally positioned within a Class A office park featuring attractive amenities such as walking trails, two ponds, mature trees, and exceptional landscaping. Its proximity to a picturesque pond enhances its appeal. Build-to-suit options are available, providing flexibility for development. Stone Creek Commons enjoys a strategic location adjacent to The Pines retail center, a thriving upscale neighborhood center anchored by established businesses including Busey Bank, Monical's Pizza, Subway, and Casa Del Mar, among others. The property benefits from its proximity to major employers and amenities such as Carle Hospital, Christie Clinic, Meijer, Little Hearts and Hands, significant residential areas, and the Atkins Golf Club at the University of Illinois. The shovel-ready nature of this lot, combined with its prime location and attractive surroundings, makes it an exceptional opportunity for commercial development. The property's APN is 932128201005. The asking price is $441,481.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
APN 932128225005
UPID US28-2209135
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
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Tag Warehouse LLC-series Mercu · 12 yrs held
Tag Warehouse LLC-series Mercu
since 2013
1 recorded transaction
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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