1508 E Colorado Ave, Urbana, IL 61802

Area Description
The property is located on Colorado Ave. just east of Philo Rd. Business District. Property is surrounded by businesses, high density multi-family and single family residences. The Philo Rd. business district is southeast Urbana and is comprised of businesses such as: Walgreens, CVS, Planet Fitness, U-Haul, McDonalds, Burger King, Meijer, Sprint, and many more.
Property Description Subject property is a steel free clear industrial/flex building constructed in 2000 and extensively renovated in 2020 and sits on .4477 Acres. The building consist of 9,200 SF with approx. 500 SF of office/reception space, 12’ clear heights, 12’w x 10’ high drive in door, two restrooms with showers, and 400 AMP 3-Phase Power. In 2020 the building was remodeled to the tune of $50,000 including; security cameras inside and out with 2 TB hard drive and wireless access, expanded overhead door, 2 new 250K BTU hanging heater, energy efficient reflective elastomeric roof coating (10 year warranty, structural, cosmetic, and mechanical updates. The B-3, General Business District allows for a wide variety of retail and light industrial uses.