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507 S Broadway Avenue, Urbana, IL 61801
$995,000
507 S Broadway Avenue, Urbana, IL 61801View this property at 507 S Broadway Avenue, Urbana, IL 61801
507 S Broadway AvenueUrbanaIL61801
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Property Description
The space consists of seven offices, a large reception/lobby area, a record vault, a kitchenette, and separate men' s and women' s three-piece restrooms facilities. The space is accessed via elevator service from the main lobby and two stairwells. Multiple atriums provide natural light throughout the space. Large balcony space off of one office. Ample parking is available on site. Additional on-street parking is available. This property is eligible for TIF incentives from the City of Urbana. The space is located at 507 S. Broadway, Urbana, within easy walking distance of Lincoln Square Mall, the City of Urbana offices, the Champaign County Courthouse, the Federal Courthouse and downtown Urbana. Highway access is readily available via Vine Street/Cunningham Avenue to I-74. Aggressive zoning. Prime B-3 and B-4 zoning. Great location for future developments for a growing downtown Urbana. Owner financing is available with 25% downpayment at 6% with a 5 year Balloon.
Full Property Details
Full Property Details for 507 S Broadway Ave
General
- Price: $995,000
- Taxes: $19,938 (2021)
- Status: Active
- Type: Office
- MLS ID: 11936062
- Updated: 12/4/2023
- Added to Site: 155 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s), Hydrants on Site, Partially Sprinklered
Location
- Area: Urbana
- County: Champaign
- Township: Cunningham
- Driving Directions: PNC bank building in Urbana; south of Illinois between Race & Vine St.
- Location Details: Central Illinois
Heating & Cooling
- Cooling Type: Central Air Conditioning, Zoned
- Heating Type: Hot Water
Structural Information
- Stories/Levels: 2
- Square Feet: 5,100
- Year Built: 1972
- Built Before 1978: Yes
Unit Information
- # Tenants: 4
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 20,000
- Lot Dimensions: 173 x 116
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $132,000
- Security Deposit: Fire Extinguisher/s, Hydrants On Site, Partially Sprinklered
- Assessment Year: 1972
- Tax Amount: $19,938
- Tax Year: 2021
Disclosures and Reports
- Property ID: 922117252013
Listed by Weiner Co., Ltd.
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Schools
Schools serving 507 S Broadway Ave
School District:Urbana School District 116
Rating | Name | Grades | Distance |
---|---|---|---|
312 W Oregon St, Urbana, IL 61801 | K-5 | 0.2 mi | |
1201 S Vine St, Urbana, IL 61801 | 6-8 | 0.4 mi | |
1002 S Race St, Urbana, IL 61801 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 507 S Broadway Ave
Date
Details
Price
Change
Source
11/28/2023
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 507 S Broadway Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$21,451
8%
$198,180
7%
2021
$19,938
3%
$184,700
3%
2020
$19,289
11%
$179,320
8%
2019
$17,350
20%
$166,030
18%
2018
$14,515
5%
$140,500
8%
2017
$13,846
1%
$129,550
—
2016
$13,770
-1%
$129,550
—
2015
$13,922
1%
$129,550
—
2014
$13,734
1%
$129,550
—
2013
$13,554
12%
$129,550
—
2012
$12,139
—
$129,550
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 507 S Broadway Ave
507 S Broadway Avenue, Urbana, IL 61801 (MLS# 11936062) is a Office property. 507 S Broadway Avenue is currently listed for $995,000 and was received on November 28, 2023. Want to learn more about 507 S Broadway Avenue? Do you have questions about finding other Office real estate for sale in Urbana? You can browse all Urbana real estate or contact a Coldwell Banker agent to request more information.