Urbana, IL 61801 507 S Broadway Avenue
$970,000
Presented By: Weiner Co., Ltd.
Home Details
The space consists of seven offices, a large reception/lobby area, a record vault, a kitchenette, and separate men' s and women' s three-piece restrooms facilities. The space is accessed via elevator service from the main lobby and two stairwells. Multiple atriums provide natural light throughout the space. Large balcony space off of one office. Ample parking is available on site. Additional on-street parking is available. This property is eligible for TIF incentives from the City of Urbana. The space is located at 507 S. Broadway, Urbana, within easy walking distance of Lincoln Square Mall, the City of Urbana offices, the Champaign County Courthouse, the Federal Courthouse and downtown Urbana. Highway access is readily available via Vine Street/Cunningham Avenue to I-74. Aggressive zoning. Prime B-3 and B-4 zoning. Great location for future developments for a growing downtown Urbana. Owner financing is available with 25% downpayment at 6% with a 5 year Balloon.
Presented By: Weiner Co., Ltd.
General for 507 S Broadway Avenue
Additional Parcels Y/NYes
CityUrbana
CoolingCentral Air, Zoned
CountyChampaign
DirectionsPNC bank building in Urbana; south of Illinois between Race & Vine St.
ElectricOther
Gross Income129000
Leasable Area
Lot Size Square Feet20000
MLS AreaUrbana
ModificationTimestamp2024-12-16T06:07:03.065Z
Net Operating Income30400
Number Of Units Total4
Operating Expense132000
Property SubtypeOffice
Property TypeCommercial Sale
Property TypeOffice/Tech
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount19938
Tax Year2021
Tenant PaysOther
TownshipCunningham
Year Built1972
Exterior for 507 S Broadway Avenue
Building Area Total5100
Lot Dimensions173X116
Additional Details
Price History

SQFT • 5,100