1209 E Colorado Avenue, Urbana, IL 61801
Champaign County
Key Facts
Description
Presenting an outstanding commercial opportunity in Urbana's B3 General Business District-this offering includes two contiguous parcels totaling 37,806 SF. The main building at 1209 E Colorado Ave is a well-maintained 4,312 SF office structure, currently configured for dental use but ideal for medical, professional, or general office tenants. The adjacent vacant lot at 1207 E Colorado Ave provides excess land for future expansion, additional parking, or redevelopment potential. This is a turn-key investment with stable cash flow and upside potential via future lease-up or redevelopment of the adjacent parcel. Ideal for investors, owner-users, or medical professionals seeking a visible and accessible location in Urbana. Property Highlights: Two Parcels: - Tract 1 (1209 E Colorado): Improved with 4,312 SF office building - Tract 2 (1207 E Colorado): Vacant lot to the north Built for single or multi-tenant use Shared amenities: 2 break rooms, 4 restrooms, lab, sterilization area Suite 101 (2,262 SF) currently leased through 3/31/2029 at $15/SF NNN 5-year term with 5-year renewal option Tenant pays half of shared utilities North entrance with shared waiting area 27 surface parking spaces Concrete block construction with brick exterior Asphalt shingle roof (replaced ~7 years ago) Partial basement (1,440 SF, unfinished; mechanicals & storage) Interior Layout: East Wing: Break room, 2 restrooms, lab, private office West Wing: Break room, 2 restrooms, office, sterilization area South Wing: Open operatory area with 2 built-in sinks, 5 semi-private operatories with sinks
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1999
Stories
1
Living Area
4,312 sq ft
Lot Size
0.87 acres
Lot Dimensions
290x260
Zoning
OFFIC
Days on Market
331
MLS® Listing#
12437290
Property Features
Cooling
Construction
Foundation
Financial Details
Annual Taxes
$35,082
Tax year 2024
Parcel Number
932121176019
Directions
South side of Colorado Ave between Philo Rd and Cottage Grove Ave
Affordability Calculator
$145,000
Estimated monthly payment
$3,859/mo
Principal $580,000 · Est. interest $809,152 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Urbana, IL
- $336,111
- Median Listing Price
- 48
- Median Days on Market
- 1,818
- Median Sq Ft
- $172
- Median Price / Sq Ft
- 83
- Active Listings
- This home’s price is 116% above the area median.
- Its price per sq ft is 2% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Urbana, IL.
Location
Points of Interest in Urbana, IL
Showing the Urbana area map.
Nearby Schools
Yankee Ridge Elementary School
Elementary · 0.4 mi away
Wiley Elementary School
Elementary · 0.5 mi away
Thomas Paine Elementary School
Elementary · 0.5 mi away
Little Hearts & Hands
School · 0.8 mi away
Urbana School District 116
School · 0.8 mi away
Urbana Middle School
Secondary · 0.8 mi away
Head Start
School · 0.9 mi away
Orchard Downs Community Center
School · 1.0 mi away
Urbana High School
Secondary · 1.1 mi away
Dr. Preston L Williams Junior Elementary School
Elementary · 1.1 mi away
Urbana Early Childhood School
School · 1.1 mi away
Illinois Leadership Center
School · 1.2 mi away
Urbana Head Start
School · 1.2 mi away
Juvenile Detention Center
Secondary · 1.3 mi away
Leal Elementary School
Elementary · 1.3 mi away
Campus Middle School
School · 1.3 mi away
Urbana School District #116
School · 1.4 mi away
Urbana School District 116
Secondary · 1.6 mi away
Canaan Academy
School · 1.6 mi away
Center for Advanced Study
School · 1.7 mi away
Commute Calculator
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|---|---|---|---|---|
| 506 N Beacon Hill Circle, Urbana, IL | $515,000 | 4 | 3 | 2,350 |
| 510 N Beacon Hill Circle, Urbana, IL | $515,000 | 4 | 3 | 2,350 |
| 2910 Rutherford Drive, Urbana, IL | $519,900 | 5 | 4 | 4,727 |
| 3016 Beringer Circle, Urbana, IL | $534,900 | 4 | 3 | 2,114 |
| 610 W Florida Avenue, Urbana, IL | $535,000 | 3 | 4 | 2,872 |
| 809 W Delaware Avenue, Urbana, IL | $549,900 | 3 | 3 | 2,600 |
Moving Cost Estimate
EXIT Agents in Urbana
Listing Courtesy: GUTH & ASSOCIATES,LLC - 2173552545
Last Updated: 2025-08-04