803 Nevada St Urbana, IL 61801-3808
Property profile & analytics
803 Nevada St Urbana, IL 61801-3808
- Residential income homes
- 1,430 SF
- 0.14 lot acres
Property ID
US28-0833052
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Residential income homes
Property Details for 803 Nevada St
- Year built
- 1916
- Lot size
- 0.14 lot acres
- Property size
- 1,430 SF
- Property type
- Residential income homes
- Property subtype
- Serviced apartments
- APN
- 922117154005
- APU
- 922117154005
Description
This exceptional 2,700 square foot commercial property, situated on a 0.2-acre lot at 803 W Nevada Street in Urbana, Illinois, presents a unique investment opportunity. Its prime location, just half a block from the University of Illinois on Lincoln Avenue, ensures high demand and consistent rental income. The property's proximity to key campus destinations, including Cafe Paradiso, the Department of Social Work, the Department of Dance, and the Early Childhood Lab, makes it highly attractive to students and faculty. Furthermore, its location just two blocks from Krannert Center for the Performing Arts and three blocks from the Quad enhances its desirability. Currently leased, providing a steady income stream until July, this multi-unit building offers exceptional potential for future growth and profitability. The property's strategic location within the heart of the university campus guarantees a strong tenant base and a high return on investment. This is a rare chance to acquire a well-situated commercial property in a thriving university town, offering both immediate income and long-term appreciation potential. The asking price is $319,900. Serious inquiries are encouraged.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2181
- Latitude
- 40.1062
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,144
$32,200
$100,770
$132,970
-
$96,600
$302,310
$398,910
