DOWNTOWN URBANA OFFICE FOR SALE

SaleOffice 9,251 SF

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Property Highlights

508 S Broadway Ave
Urbana, IL 61801

Price: $1,152,375

Building Size: 9,251 SF

Lot Size (acre): 0.63 AC

Zoning: B-3, General Business District

Tax PIN: 92-21-17-253-009

RE Taxes: $31,603.26 (2024 payable 2025)

Documents

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present for sale this professional office building located at 508 S. Broadway Avenue in downtown Urbana, Illinois.

Constructed in 1963 and fully renovated in 1992 for its current use as a law office, this 9,251 SF building sits on a 0.63-acre site and offers 24 striped parking spaces. The property has been well-maintained.

The building is currently configured with 6,939 SF of professional office space and 2,312 SF of low-bay warehouse space. The office area features approximately 16 private offices, a welcoming reception area, two large conference rooms, two sets of restrooms, and a kitchenette. The warehouse portion measures roughly 34’ x 68’ and includes a 7’ x 7’ overhead garage door for added flexibility. See floor plan for additional details.

Area Description

Situated in the heart of downtown Urbana, the property benefits from its proximity to the Federal Courthouse, County Courthouse, and Lincoln Square Mall—one of the first fully enclosed shopping centers in Illinois. The surrounding area features a strong mix of retailers (including Schnuck’s and Common Ground Food Co-op), professional offices, and government buildings. In addition to the on-site parking, there is abundant parking available in the immediate area.

This property offers an excellent opportunity for professional users seeking a highly functional office building in a prime downtown Urbana location.

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.