Financial
Distress signals
Property profile

401 Springfield Ave Urbana, IL 61801

OFF-MARKET
Commercial real estate
Property ID
US28-2443506
Last sale Dec 2021 · $457,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 889-square-foot creative office space is located at 401 W Springfield Ave, Urbana, IL 61801, near the intersection of Springfield Avenue and Birch Street. The property, built in 1990, is classified as a Class B office building and features hardwood floors and one restroom. The zoning is B2 - Commercial, allowing for a variety of uses, including office, retail, or studio space. The single-tenant space is currently vacant and move-in ready. Convenient on-site parking is available at the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value$180k
Assessed land$29k
Assessed improvement$152k
Effective rate10.64%

Value estimate

· Sep 2026
$425k
$383k – $468k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$350/SF
County average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$77 – $1,733

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCHAMPAIGN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.8
Dental Office16.7
Wholesale Shop11.7

Location

401 Springfield Ave Urbana, IL 61801-8811
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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 nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
305 Griggs, Urbana, IL 61801-2609 $310,000 Feb 2026 No data
708 Goodwin, Urbana, IL 61801-3710 $3,000,000 Jan 2026 No data
1601 Coler, Urbana, IL 61801-1001 $125,000 Oct 2025 No data
704 Windsor Rd, Urbana, IL 61801 $262,500 Sep 2025 No data
1002 University, Urbana, IL 61801-2441 $350,000 Jun 2025 No data
507 Springfield, Urbana, IL 61801-3108 $195,000 May 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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