Closed

$745,000

204 University Avenue, Urbana, IL 61801
47 days
204 University Avenue·Urbana, IL 61801
1970Year Built
About This Home

Offering a 4,940 square foot office/medical building in Urbana, IL for sale. The property includes a private parking lot (accommodating 20 vehicles) and a move in ready building perfect for medical, therapy, counseling or general office uses. Eleven private offices, reception area, breakroom, conference room, and three large rooms which can be used for conference rooms, group therapy, or converted to executive office spaces. Property is located within the Opportunity Zone and an Enterprise Zone and current tenant is vacating in January 2025 although can vacate earlier for an owner-user. Located on the University Avenue corridor (ADT - 16,000 vehicles) the building is highly visible and within close proximity to the Carle Health Systems campus, Downtown Urbana, the University of Illinois campus and is within walking distance to Crystal Lake Park. Just to the east is the Five Points commercial area offering fast casual restaurants and services for employees and customers. Building could also be leased at $14.00/SF/NNN.

MLS# 11937833Listed November 28, 2023Commercial Sale
Property Details

Beds & Baths

Size & Structure

Year Built1970
Lot Size0.350 acres

Location

CountyChampaign
Zip Code61801

Financial

List Price$745,000
Annual Taxes (2022)$24,619
Monthly Tax Est.$2,052
Parcel #912108402009
Interior Features

Cooling

Central Air
Utilities & Parking

Electric

Service - 101 to 200 Amps
Tax & Financial
Annual Taxes
$24,619
Tax Year 2022
Monthly Tax Est.
$2,052
per month
Property Location

204 University Avenue, Urbana, IL 61801Champaign County

$745,000
204 University Avenue
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
47 days on market
0.350 acres
$24,619/yr taxes
$5,967
estimated monthly payment
Principal & Interest
$3,915/mo
Property Tax
$2,052/mo
$745,000
20% — $149,000
3%50%
6.875%
3%12%
Loan Amount
$596,000
Down Payment
$149,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
GUTH & ASSOCIATES,LLC
Agent: Jill Guth
Similar Homes

You May Also Like

Keep Exploring

Find Your Perfect Home

Browse available listings in Urbana and across the North Shore.

Also popular on the North Shore

REALTOR® Logo
Equal Housing Opportunity LogoEqual Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy.

© 2026 MLS GRID. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use.