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$1,340,000

  • Sold
  • Closed
  • Commercial
See This Home
Save This Home
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111-121 W Park St is a multifamily investment opportunity that offers 21 units within 2 buildings. The breakdown includes (11) 2 bedroom units (1) 1 bedroom unit and (9) studios. The property is currently fully leased for the 2024-25 lease term and only has one vacant studio apartment for the upcoming 2025-26 lease term. This property boasts a strong rental history and has been meticulously managed long-term. The strong rental history combined with value add opportunity make this a great property to add to an investor's portfolio. This property also boasts a prime location being across the street from Crystal Lake Park that has had major improvements in recent years, a growing retail hub just to the east at Five-Points and surrounding areas, and great proximity to Carle Foundation Hospital and the University of Illinois Campus.

Full Property Details for 111 W Park St

General

  • Sold For: $1,340,000
  • Taxes: $32,062 (2024)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12373675
  • Added to Site: 221 day(s) ago

Location

  • Area: Urbana
  • County: Champaign
  • Driving Directions: Head north on Broadway Ave from University Ave. Turn left (west) on Park St. Property is the second and third buildings on the north side of Park St.

Heating & Cooling

  • Heating Type: Electric, Baseboard

Structural Information

  • Stories/Levels: 2
  • Year Built: 1972
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Acres): 0.43
  • Lot Dimensions: 88.8 x 100 x 115

Financial Considerations

  • Operating Expenses: $83,698
  • Assessment Year: 1972
  • Tax Amount: $32,062
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 912108403006

Listed and Sold by Ramshaw Real Estate

Listing agent

— 111 W Park St —

  • Ramshaw Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 111 W Park St

School District:Urbana School District 116
NameGradesDistance
Urbana Middle School
1201 South Vine Street, Urbana, IL 61801
6-80.9 mi
Urbana High School
1002 South Race Street, Urbana, IL 61801
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 111 W Park St

Date
Details
Price
Change
Source
8/29/2025
Sold
$1,340,000
16.52%
MLS
6/11/2025
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Ramshaw Real Estate

111 W Park Street, Urbana, IL 61801 (MLS# 12373675) is a Commercial property that was sold at $1,340,000 on August 29, 2025. Want to learn more about 111 W Park Street? Do you have questions about finding other Commercial real estate for sale in Urbana? You can browse all Urbana real estate or contact a Coldwell Banker agent to request more information.