510 Cunningham Ave Urbana, IL 61802

Property Details for 510 Cunningham Ave

Property type

Commercial real estate

APN

912108427011

APU

912108427011

Description

This exceptional 22,500-square-foot retail center in Urbana, IL, presents a compelling investment opportunity. Located at 510 N Cunningham Ave, this single-story, Class B building boasts 14 suites, ranging from a minimum of 1,500 square feet to a maximum contiguous space of 2,250 square feet. Currently, 1,500 square feet are vacant, offering immediate potential for new tenants. The property sits on a 1.68-acre lot (73,171 square feet) and features ample parking with 121 spaces. The building is equipped with individual forced-air heating and cooling systems, and a sprinkler system. Its convenient location, near E University Ave/US Route 150, offers easy access for customers and employees. A rear entrance provides convenient access for staff and deliveries. The diverse tenant mix includes restaurants (African and Mexican cuisine), a gaming establishment, an offsite sushi preparation facility, grocery stores (African and Latino), an ice cream shop, a spa, a food truck commissary, a bakery, and a Boost Mobile store. The property's strategic location near Walgreens, a nuEra dispensary, a car wash, and the National Guard adds to its appeal. This well-established center benefits from high foot traffic, exceeding 240,000 visits annually, making it an ideal location for a variety of businesses. The property is zoned B-3 General Business District and has a building floor area ratio (FAR) of 0.31. This prime location offers excellent visibility and accessibility, with easy access from I-72 and county roads. The existing tenant mix is diverse and complementary, creating a synergistic environment. This is an exceptional opportunity to establish or expand a business in a thriving, high-traffic area near the downtown area and the university.