Presenting an outstanding commercial opportunity in Urbana’s B3 General Business District-this offering includes two contiguous parcels totaling 37,806 SF. The main building at 1209 E Colorado Ave is a well-maintained 4,312 SF office structure, currently configured for dental use but ideal for medical, professional, or general office tenants. The adjacent vacant lot at 1207 E Colorado Ave provides excess land for future expansion, additional parking, or redevelopment potential. This is a turn-key investment with stable cash flow and upside potential via future lease-up or redevelopment of the adjacent parcel. Ideal for investors, owner-users, or medical professionals seeking a visible and accessible location in Urbana. Property Highlights: Two Parcels: – Tract 1 (1209 E Colorado): Improved with 4,312 SF office building – Tract 2 (1207 E Colorado): Vacant lot to the north Built for single or multi-tenant use Shared amenities: 2 break rooms, 4 restrooms, lab, sterilization area Suite 101 (2,262 SF) currently leased through 3/31/2029 at $15/SF NNN 5-year term with 5-year renewal option Tenant pays half of shared utilities North entrance with shared waiting area 27 surface parking spaces Concrete block construction with brick exterior Asphalt shingle roof (replaced ~7 years ago) Partial basement (1,440 SF, unfinished; mechanicals & storage) Interior Layout: East Wing: Break room, 2 restrooms, lab, private office West Wing: Break room, 2 restrooms, office, sterilization area South Wing: Open operatory area with 2 built-in sinks, 5 semi-private operatories with sinks
Property Details
Price:
$815,000
MLS #:
MRD12437290
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
urbana
Listed Date:
Aug 4, 2025
Total Sq Ft:
4,312
Lot Size:
37,806 sqft / 0.87 acres (approx)
Year Built:
1999
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick, Block
Stories
1
Financial
Tax Year
2024
Taxes
$35,082
Map
Community
- Address1209 E Colorado Avenue Urbana IL
- CityUrbana
- CountyChampaign
- Zip Code61801
Market Summary
Current real estate data for Commercial in Urbana as of May 16, 2026
14
Commercial Listed
152
Avg DOM
$778,843
Avg List Price
Property Summary
- 1209 E Colorado Avenue Urbana IL is a Commercial for sale in Urbana, IL, 61801. It is listed for $815,000
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1209 E Colorado Avenue
Urbana, IL


