505 E University Ave 505-519
Champaign, IL 61820
$18
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0 Beds
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0 Baths
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n/a SqFt
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This is your chance to own one of the rare strip centers near campus that features plenty of parking! This multi-tenant strip center has around 21,800 vehicles pass by per day and is a short distance from OSF Medical Center; a 210-bed comprehensive medical facility, and Carle Foundation; a 345-bed regional care hospital. Other surrounding property uses include a 500+ bed student housing development located directly across University Avenue. This building benefits from high visibility and easy accessibility, and is conducive to a wide variety of commercial uses including retail and office space. It is within walking distance to campus with 60% occupancy which includes Two Roads Wellness, Champaign Liquor, and JB Hawk. The two middle units 507 Suite 1 and Suite 2 share a commons entrance and waiting area with a demising door separating the two spaces. Suite 2 has been newly remodeled and is set up for a small medical clinic with a sink in each room. This building has a lot of potential and there are no city set backs for exciting possibilities for expansion or building new. View it today!
- Price:
- $18
- Bedrooms:
- 0
- Full Baths:
- 0
- Square Footage:
- n/a
- Acreage:
- 0.80
- MLS #:
- MRD11666214
- Street Address:
- 505 E University Ave 505-519
- City:
- Champaign
- State:
- IL
- Postal Code:
- 61820
- County:
- Champaign
- Area:
- Champaign/ Savoy
- Listing Status:
- For Sale - Active
Building
- Leasable Square Feet:
- 13050
- Stories:
- 1
Business
- Annual Electric Expenses:
- 7235
- Annual Insurance Expenses:
- 3408
- Annual Trash Expenses:
- 174
- Annual Water/Sewer Expenses:
- 1934
- Net Operating Income:
- 85000
- Operating Expense:
- 59207
Land
- Conforms To Zoning:
- Commr
- Existing Land Use:
- Commercial
- Lot Frontage:
- City Street, Paved
- Lot Square Footage:
- 34848
Listing
- Days On Market:
- 40
- Lease Rate:
- 18
- Originating Mls:
- Mred
Money
- Property Taxes:
- $37,538
- Tax Year:
- 2021
- Tenant Pays:
- Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Repairs, Sewer
Systems
- Cooling System:
- Central Air, Zoned
- Electricity:
- Separate Meters
Source
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Listing Provided By: Shannon Collins with Green Street Realty
