For Sale
$495,000

3506 Cunningham AveUrbana, IL 61802

5.23 Acres, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 5.23-acre property, located at 3506 N Cunningham Ave in Urbana, Illinois, presents a unique investment opportunity. Boasting over 675 feet of frontage on US Route 45 (Cunningham Avenue), this site offers unparalleled visibility and accessibility. Currently zoned B-4 (General Business District) and AG-2 (Agriculture District) in Champaign County, the property allows for diverse development possibilities, with potential for rezoning. The site comprises six parcels (APN: 25-15-33-278-001, -002, -003, -004, -005, -006) and includes six existing residential dwellings, currently leased month-to-month, generating a gross monthly revenue of $2,000. The property is being sold "AS IS, WHERE IS," and showings are by appointment only after an accepted offer. Please do not disturb the tenants. The location offers convenient access to major transportation arteries, including proximity to I-74 (within one mile). All utilities are available at the site. This prime location benefits from its strategic position near major cities, including Chicago (135 miles), St. Louis (180 miles), Indianapolis (120 miles), Peoria & Bloomington (90 & 50 miles), and Springfield & Decatur (90 & 50 miles). This presents a compelling opportunity for investors seeking high-traffic exposure and development potential in a thriving area. County zoning and taxes apply.

Highlights

  • 675' of frontage on US Route 45.
  • 1 mile from I-74.
  • Champaign County zoning and taxes apply.
  • All utilities available on-site.

Property Details for 3506 Cunningham Ave

Property type
Land, Farms
Lot Size (sq. ft)
227,819 SF

Location Insight

City
Urbana
County
Champaign
State
Illinois
Latitude
40.1508313
Longitude
-88.1847163
3506 Cunningham Ave, Urbana, Illinois

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3506 Cunningham Ave
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