3506 Cunningham Ave Urbana, IL 61802
- Commercial real estate
- 5.23 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3506 Cunningham Ave
- Lot size
- 5.23 lot acres
- Property type
- Commercial real estate
- APN
- 25-15-33-278-001, -002, -003, -004, -005, -006
Description
This exceptional 5.23-acre property, located at 3506 N Cunningham Ave in Urbana, Illinois, presents a unique investment opportunity. Boasting over 675 feet of frontage on US Route 45 (Cunningham Avenue), this site offers unparalleled visibility and accessibility. Currently zoned B-4 (General Business District) and AG-2 (Agriculture District) in Champaign County, the property allows for diverse development possibilities, with potential for rezoning. The site comprises six parcels (APN: 25-15-33-278-001, -002, -003, -004, -005, -006) and includes six existing residential dwellings, currently leased month-to-month, generating a gross monthly revenue of $2,000. The property is being sold "AS IS, WHERE IS," and showings are by appointment only after an accepted offer. Please do not disturb the tenants. The location offers convenient access to major transportation arteries, including proximity to I-74 (within one mile). All utilities are available at the site. This prime location benefits from its strategic position near major cities, including Chicago (135 miles), St. Louis (180 miles), Indianapolis (120 miles), Peoria & Bloomington (90 & 50 miles), and Springfield & Decatur (90 & 50 miles). This presents a compelling opportunity for investors seeking high-traffic exposure and development potential in a thriving area. County zoning and taxes apply.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.1847163
- Latitude
- 40.1508313
