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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    704 Windsor Rd, Urbana, IL 61801

    3.89 ac lot
    Entity Owned ~ Est. High Equity
    Property ID
    US28-2952552
    Property summary
    AI-generated overview

    This exceptional 4.01-acre parcel, located at 704 E Windsor Rd in Urbana, Illinois (APN 93-21-21-357-024), presents a remarkable opportunity for residential development. Zoned R3, this property allows for a variety of construction options, including single-family homes, zero-lot-line homes, condominiums, and planned unit developments (PUDs). Its enviable location offers unparalleled convenience, situated directly across from Meadowbrook Park and within easy walking distance of a major grocery store. Nearby schools of all levels further enhance its appeal. The property's potential is amplified by pre-approved city plans for a PUD development, encompassing six buildings featuring a mix of townhome and villa-style units. These plans, available for review, provide a solid foundation for immediate development or serve as a valuable blueprint for future projects. The asking price is $450,000. This is a rare chance to acquire a substantial, well-situated lot in a thriving Illinois community. Don't miss this chance to build your vision in a highly desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 3.89 ac (169,448 SF)
    APN 932121357024
    UPID US28-2952552
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    P K Elledge Development LLC
    P K Elledge Development LLC
    since 2025
    Last sale
    $262,500
    2 recorded transactions
    2025
    $262,500
    2009
    $455,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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