For Sale
$699,000

402 Griggs StUrbana, IL 61801

1.05-Acre Lot, B3 Zoning, High-Demand Location

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 1.05-acre commercial land parcel presents a prime development opportunity in Urbana, Illinois. Strategically located just a few blocks east of the University of Illinois campus, south of the Carle Hospital campus, and one block from downtown Urbana, this property enjoys unparalleled accessibility and visibility. The property is zoned B3, offering a wide range of potential uses, making it highly versatile for various development projects. The asking price is $699,000. The lot's size and zoning regulations provide significant flexibility for developers seeking to capitalize on the area's strong demand for commercial and residential space. Its proximity to major institutions and the vibrant downtown area ensures high foot traffic and potential for strong returns on investment. This location offers a unique blend of convenience and growth potential, making it an attractive proposition for developers seeking a high-impact project in a thriving Illinois community. The address is 402 W Griggs St, Urbana, IL 61801. This is a rare opportunity to acquire a sizable, well-situated commercial lot in a highly desirable area.

Highlights

  • 1.05-acre commercial lot in Urbana, IL, priced at $699,000.
  • B3 zoning allows for diverse development options.
  • Prime location: blocks from University of Illinois, Carle Hospital, and downtown Urbana.
  • Exceptional accessibility and high visibility due to its location.
  • Significant development potential given high demand for commercial and residential space.

Property Details for 402 Griggs St

Property type
Land
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Urbana
County
Champaign
State
Illinois
Latitude
40.114498930861
Longitude
-88.212058262215
402 Griggs St, Urbana, Illinois

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402 Griggs St
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