• 209 W Griggs St, Urbana, IL 61801

For Sale

Multi-Family

For Sale

This property is available for sale
0.22
Acres
$999,000
Sale Price
  • Year Built
    2005
  • Total Building Size
    14,456 RSF
  • Overview

    The subject is located north of the downtown area, and not far from campus. The subject area is a mix of residential, commercial, and warehouse storage. Champaign and Urbana are twin cities in Champaign County and are located in the heart of East Central Illinois. Champaign-Urbana is a Big Ten community and growing tech center. The University of Illinois has been the dominant force in making C-U a high tech area. The University has one of the few supercomputer bases in the country. This has helped to attract additional businesses. C-U connects with Interstates I-57, I-72, and I-74. It is also home of Parkland College, and two major regional hospitals, Carle Foundation and OSF Healthcare. Champaign County is a leader in education, health care, government, technology, industry and agriculture. Chicago is approximately 2 hours north, Indianapolis is approximately 2 hours west and St.Louis is approximately 2 1/2 hours south.. The 14 Unit Apartment building site contains 9,775 Sq Ft. The three story building consists of 14,456 Sq FT. The subject is zoned R5, Medium High Density Multi-Family. This building was constructed in 2005. The units on the upper levels are served both by stairwells, as well as 2,100 pound capacity Krupp elevator. Two units lie on the first floor, with the balance of the units located on the second and third floors. Under-building parking for 14 vehicles under a potion of the building. Brief Legal: Lot 14 and the N4' of Lot 15, all in S.T. Busey's Addition to the City of Urbana, as per plat record 19 at page 285, situated in Champaign County, Illinois Real Estate Taxes 2019: $37,044.22

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Property Details

14 Unit Apartment Building

The subject is located north of the downtown area, and not far from campus. The subject area is a mix of residential, commercial, and warehouse storage. Champaign and Urbana are twin cities in Champaign County and are located in the heart of East Central Illinois. Champaign-Urbana is a Big Ten community and growing tech center. The University of Illinois has been the dominant force in making C-U a high tech area. The University has one of the few supercomputer bases in the country. This has helped to attract additional businesses. C-U connects with Interstates I-57, I-72, and I-74. It is also home of Parkland College, and two major regional hospitals, Carle Foundation and OSF Healthcare. Champaign County is a leader in education, health care, government, technology, industry and agriculture. Chicago is approximately 2 hours north, Indianapolis is approximately 2 hours west and St.Louis is approximately 2 1/2 hours south.. The 14 Unit Apartment building site contains 9,775 Sq Ft. The three story building consists of 14,456 Sq FT. The subject is zoned R5, Medium High Density Multi-Family. This building was constructed in 2005. The units on the upper levels are served both by stairwells, as well as 2,100 pound capacity Krupp elevator. Two units lie on the first floor, with the balance of the units located on the second and third floors. Under-building parking for 14 vehicles under a potion of the building. Brief Legal: Lot 14 and the N4' of Lot 15, all in S.T. Busey's Addition to the City of Urbana, as per plat record 19 at page 285, situated in Champaign County, Illinois Real Estate Taxes 2019: $37,044.22

  • Property Type
    Multi-Family
  • Year Built
    2005
  • Sale Price
    $999,000
  • Total Building Size
    14,456RSF
  • Total Acres
    0.22
  • Building Class
    B
  • Sale Status
    Available
  • Property ID
    2167959

Landlord's Sales Representatives

  • Alex Ruggieri, CCIM, MBA
    Sperry Van Ness
     
  • Noah Ruggieri, MBA
    Sperry Van Ness