REDEVELOPMENT OPPORTUNITY

SaleLandOffice 2704 N Cunningham: 5,594 SF 2708 N Cunningham: 1,440 SF

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Property Highlights

2702-2708 N Cunningham Ave
Urbana, IL 61802

Price: $800,000

Building Size: 2704 N Cunningham: 5,594 SF 2708 N Cunningham: 1,440 SF

Lot Size (acre): ±2.7 AC

Zoning: B-3, General Business District &B-4, General Business (county zoning)*

Tax PIN: 30-21-04-201-001, -039 (part of), 91-21-04-201-021, -022

RE: $28,286.21-2024

Documents

Offering Memorandum

Floor Plan

Parcel Map

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale this redevelopment opportunity on hard corner of Rt. 45/Cunningham Ave & Airport Rd in Urbana. The subject property is comprised of four (4) parcels and two (2) existing buildings on roughly 2.7 acres.

2708 N. Cunningham is a 1,440 SF retail building constructed in 1973 and currently leased to Black Jack’s Poker/Bar through 1/31/27 with a 2 – year option to extend. Call broker to confirm lease details.

2704 N. Cunningham is a 5,600± SF office/warehouse building constructed in 1989 that was originally utilized as a carpet store and most recently converted and used as an office for Riley Manufactured Homes. Riley Manufactured Homes will transition their office on additional parcels they own south of the subject. This building is currently configured with: 14 private offices, 2 larger conference rooms, kitchen, and Mezzanine storage. The building is fully conditioned and was last removed around 2008. Prior uses for the building included a significant amount of warehouse space in the rear of the building which has since been converted to office use. The 10’ x 10’ overhead door remains and a small garage area consisting of 13’ clear heights.

Parcel -022 is vacant and has no permanent structures. Parcel -039 will be spilt according to the Parcel Map prior to closing. Currently Parcel(s) -001 (2708 N Cunningham) & -039 reside in the county and are zoned B-4, General Business. Parcel(s) -021 & -022 are already annexed into the City of Urbana and have B-3, General Business District Zoning.

*Parcel -001 & -039 are currently located in the county and subject to county zoning

Area Description

Urbana-Champaign is conveniently located 135 miles from Chicago (south via I-57), 180 miles from St. Louis (northwest via I-57), 120 miles from Indianapolis (west via I-74), 90 miles & 50 miles from Peoria & Bloomington (northeast via I-74), and 90 miles & 50 miles from Springfield & Decatur (east via I-72).

Map

201 W Springfield Ave, 11th floor Champaign, IL 61820 | 217-352-7712

www.CBCDR.com

The information found within this brochure is for informational purposes only, and is not audited, warranted or in any fashion guaranteed by Coldwell Banker Commercial Devonshire Realty. It is subject to verification and no liability for errors or omissions is assumed. Notice of Agency: Coldwell Banker Commercial Devonshire Realty is the exclusive agent for the seller/lessor and therefore represents the seller/lessor, unless expressed otherwise in writing with the parties to a transaction.