Broadway Food Hall for Sale

InvestmentSaleRetail 15,021 SF
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401 N Broadway Ave
Urbana, IL 61801
Price: $1,600,000
Building Size: 15,021 SF
Lot Size (sqft): 39,012 SF
Lot Size (acre): 0.90 AC
Parking: 20 Spaces
Zoning: B4 - Central Business
Tax PIN: 91-21-08-455-017
RE: $17,179 - 2021
Year Built: 1963 (renovated 2017)

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer Broadway Food Hall for sale at 401 N Broadway Avenue in Urbana, IL. This 100 percent occupied property is located in downtown Urbana just east of the University of Illinois at Urbana-Champaign, which boasts over 56,000 students and more than 14,000 faculty and staff.

401 N Broadway Avenue was built in 1963 and fully remodeled into a food hall / commissary in 2017-2018. The building features a broad and diverse tenant mix and offers a buyer the opportunity to add significant value by using underutilized portions of the building for a complimentary business, growing the number of events held per year, and building out the annex building into finished space.

Area Description

The property is extremely well situated near major employers including Carle Foundation Hospital, OSF Heart of Mary Medical Center, the Federal and County Courthouses, the Urbana School District, and the University of Illinois at Urbana-Champaign.

The property is strategically located near the intersection of University Avenue and Cunningham Avenue, which are major thoroughfares through the market and provide additional access to Interstate 74.