1209 E Colorado Avenue, Urbana, IL
  • $815,000

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

  • Listing Courtesy of: GUTH & ASSOCIATES,LLC

Details

Updated on June 16, 2026 at 8:46 am
  • Property ID MRD12437290
  • Price $815,000
  • Land Area 0.87 Acres
  • Year Built 1999
  • Property Type Office
  • Property Status Active
  • Parcel Number 932121176019
  • MLS Status Active
  • Days On Market 316
  • Living Area 0.87
  • Cumulative Days On Market 265
  • Tax Annual Amount 35082
  • Cooling Central Air
  • Directions South side of Colorado Ave between Philo Rd and Cottage Grove Ave
  • BuildingAreaTotal 4312
  • LotSizeSquareFeet 37806
  • StoriesTotal 1
  • Zoning OFFIC
  • Address 1209 E Colorado Avenue
  • City Urbana
  • State/county IL
  • Zip/Postal Code 61801
  • Country United States

Overview

Property ID: MRD12437290
  • Office
  • Property Type
  • 1999
  • Year Built

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