This exceptional commercial property at 1511 Triumph Drive, Urbana, IL, presents a unique investment opportunity. Situated on a highly visible corner lot spanning 0.7 acres, the property boasts a prime location facing Route 45, just north of Frasca Field. The main structure is a modular office building, offering three individual offices, two bathrooms, a spacious inventory room, and a convenient kitchen. This building provides ample space for administrative functions and storage. Additionally, a substantial 40x60 foot insulated steel building is included, featuring a 14-foot overhead door with remote access and two radiant heater units ensuring efficient and comfortable workspace heating. A two-car garage with an overhead door offers further storage and workspace options. The property's versatility makes it suitable for a variety of commercial uses. The current owner operates a mobile home service business from this location. This business, including hundreds of established clients, all HVAC equipment, trucks, repair inventory, and other assets, is available for an additional $100,000. A detailed list of business assets is available in the supplemental documents. This property offers a rare combination of prime location, versatile buildings, and potential for immediate income generation. The total square footage of the buildings is 6,000 square feet. This is an excellent opportunity for an investor or business owner seeking a well-established location with significant growth potential.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$1,130,025
Hospitality
$1,035,097
Educational
$861,189
Medical
$890,806
Retail
$1,339,627
Location Insight
City
Urbana
County
Champaign
State
Illinois
Latitude
40.1481
Longitude
-88.1877
CBSA code
16580
CBSA name
CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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