Urbana, IL 61802 1601 E Colorado Avenue
$2,850,000
17 more
Presented By: KELLER WILLIAMS-TREC
SQFT • 28,950
Home Details
Brand new construction self storage complex in Urbana IL with 314 storage units. The complex features a fully automated security system with cameras, asphalt paved surface with low maintenance metal buildings, fence and automated gate at the entrance. Prime location situated adjacent to residential neighborhoods, apartment complexes and 2 miles to University of Illinois campus. The complex has four non climate controlled buildings with 10x10 and 5x10 units and one climate controlled building with 10x10 and 5x10 units.
Presented By: KELLER WILLIAMS-TREC
General for 1601 E Colorado Avenue
Additional Parcels Y/NNo
Cap Rate13.2
CityUrbana
ContingencyAttorney/Inspection
CoolingCentral Air
CountyChampaign
DirectionsFrom Philo and Windsor, North to Colorado, East to property
ElectricCircuit Breakers
Gross Income483192
Leasable Area28950
Lot Size Square Feet117412
MLS AreaUrbana
ModificationTimestamp2025-05-22T02:20:01.720Z
Net Operating Income397737
Number Of Units Total314
Operating Expense85455
Property SubtypeOther
Property TypeCommercial Sale
Property TypeIndustrial
Standard StatusActive Under Contract
StatusContingent
Stories1
Tax Annual Amount189.34
Tax Year2023
TownshipCunningham
Year Built2025
ZoningCOMMR
Exterior for 1601 E Colorado Avenue
Building Area Total28950
BuyerOfficeFax(217) 356-6116
Frontage TypeCity Street
Lot Dimensions394X298
Lot Size Acres2.7
Additional Details
Price History
