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