2,058 Square Foot Office Space For Sale @ 401 E University Ave

401 E University Ave, Champaign, IL 61820

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Alex R.

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The site is improved with a one-story concrete block building. It was remodeled for its current use as a financial services office. The building has fixed pane commercial windows and a rubber roof replaced in 2003. It is heated and cooled with forced warm air and central air conditioning. The building measures 42 x 49 feet and contains a gross building area of 2,058 square feet. The public entrance is on the northwest side of the building. There is an open reception/waiting area adjoined by a service counter with secure cashier windows. The reception area and the office areas are finished with drywall walls, carpeted flooring, acoustic tile dropped ceilings with fluorescent lighting and rubber baseboards. There is a hallway to the rear of the reception area that has two half bathroom and a private office. The southeast corner
of the building is unfinished storage space that has a concrete floor, concrete block walls and is open to the metal roof decking. Asphalt parking for 20 vehicles. Surplus land is being used for 15 leased parking spaces.

Legal: LOTS 89,90 AND W 16' OF LOT 91 IN MASTER CHANCERY SUB
Real Estate Taxes: $8,127






Location Description:
The subject is located in east Champaign on the SE corner of University Ave. and 4th St. The property is bordered to the south by a student rental neighborhood adjoining the University of Illinois Campus. Uses on the south side of University are a mix of commercial and institutional uses that include fast food restaurants, offices parking garage with offices and the Beckman Institute, a multi-discipline office, classroom, laboratory building. The north side of University has a mix of older and newer commercial uses including auto sales, retail and restaurant with a mixed retail-office building. Champaign County is located in east central Illinois. Chicago is 123 miles north, Indianapolis is 115 miles east and St. Louis is 150 miles southwest. Champaign-Urbana has two major hospitals, Carle Foundation and Provena Covenant, as well as a junior college.

Highlights:
■ Excellent for Retail, Service, Office & Commercial
■ High Traffic Count
■ Property Ideally Situated For Drive-Up Window
■ 2,000 Sf Free Standing Building
■ 19,536 SF Corner Lot 148 x 132

Pricing: $595,000

Availability: Now

Listing ID: 422772


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Sale Price: $595,000

Size: 2,058 square feet

Type: Office Space

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