Industrial/Flex Building For Sale or Lease

LeaseSaleRetailWarehouse/Industrial 9,200 SF
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1508 E Colorado Ave
Urbana, IL 61802
Price: $450,000.00
Lease Price: $5.50 SF
Lease Type: NNN
Building Size: 9,200 SF
Available Space: 9,200 SF
Lot Size (acre): 0.45 Acres
Parking: 16 Spaces
Zoning: B-3, General Business District
Tax PIN: 93-21-21-201-005
RE: $4,152.06

Property Description

Subject property is a steel free clear industrial/flex building constructed in 2000 and extensively renovated in 2020 and sits on .4477 Acres. The building consist of 9,200 SF with approx. 500 SF of office/reception space, 12’ clear heights, 12’w x 10’ high drive in door, two restrooms with showers, and 400 AMP 3-Phase Power. In 2020 the building was remodeled to the tune of $50,000 including; security cameras inside and out with 2 TB hard drive and wireless access, expanded overhead door, 2 new 250K BTU hanging heater, energy efficient reflective elastomeric roof coating (10 year warranty, structural, cosmetic, and mechanical updates. The B-3, General Business District allows for a wide variety of retail and light industrial uses.

Area Description

The property is located on Colorado Ave. just east of Philo Rd.  Business District.  Property is surrounded by businesses, high density multi-family and single family residences.  The Philo Rd. business district is southeast Urbana and is comprised of businesses such as: Walgreens, CVS, Planet Fitness, U-Haul, McDonalds, Burger King, Meijer, Sprint, and many more.

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