803 Nevada StUrbana, IL 61801

For Sale
$319,900
High-yield investment near UIUC campus.

Overview

Added:
Feb 3
Days on market:
72
This exceptional 2,700 square foot commercial property, situated on a 0.2-acre lot at 803 W Nevada Street in Urbana, Illinois, presents a unique investment opportunity. Its prime location, just half a block from the University of Illinois on Lincoln Avenue, ensures high demand and consistent rental income. The property's proximity to key campus destinations, including Cafe Paradiso, the Department of Social Work, the Department of Dance, and the Early Childhood Lab, makes it highly attractive to students and faculty. Furthermore, its location just two blocks from Krannert Center for the Performing Arts and three blocks from the Quad enhances its desirability. Currently leased, providing a steady income stream until July, this multi-unit building offers exceptional potential for future growth and profitability. The property's strategic location within the heart of the university campus guarantees a strong tenant base and a high return on investment. This is a rare chance to acquire a well-situated commercial property in a thriving university town, offering both immediate income and long-term appreciation potential. The asking price is $319,900. Serious inquiries are encouraged.

Property Details for 803 Nevada St

Property type
Commercial real estate
Square Feet
2,700 SF
Year Built
1910
Lot Size (sq. ft)
8,712 SF

Location Insight

City
Urbana
County
Champaign
State
Illinois
Latitude
40.10624
Longitude
-88.21815
803 Nevada St, Urbana, Illinois

FAQs

What type of property is this?
Commercial real estate - High-yield investment near UIUC campus.
Where is the commercial real estate located?
The property is located at 803 Nevada St Urbana, IL.
What is the asking price?
The asking price for this property is $319,900.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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803 Nevada St
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