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507 Crystal Lake Dr
Urbana, IL 61802

Land For Sale · 0.35 AC

Executive Summary

507 Crystal Lake Dr. is a .35 acre lot, with a single structure ready for development. Formerly part of a larger grouping of parcels that included a now-cleared mobile home park, the site is zoned B-3, General Business, offering versatile potential for various uses. Utilities are already in place, and the location benefits from convenient access just off the Cunningham Avenue/Rt 45 commercial retail district in Urbana. Setbacks and Development Overview: - Setbacks: 15' (F), 5' (S), 10' (R) - Max FAR: 4.0 - Min OSR: None - Max Height: None.
The subject property is situated less than a thousand feet from the intersection of Cunningham Avenue and University Avenue, just north of the 5 Points Commerce Centre. The property is in close proximity to several retail shopping centers and well-known national retailers. Directly across Cunningham Avenue to the west, you'll find The Gateway Shoppes at Five Points. Nearby retailers include Walgreens, McDonald’s, Arby’s, Wendy’s, Jimmy John’s, U of I Credit Union, Panda Express, and Verizon.

PROPERTY FACTS

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Manufactured Homes or Mobile Home Park
Total Lot Size 0.35 AC

1 Lot Available

Lot

Price $192,172 CAD
Price Per AC $549,064 CAD
Lot Size 0.35 AC

Description

Property Description 507 Crystal Lake Dr. is a .35 acre lot, with a single structure ready for development. Formerly part of a larger grouping of parcels that included a now-cleared mobile home park, the site is zoned B-3, General Business, offering versatile potential for various uses. Utilities are already in place, and the location benefits from convenient access just off the Cunningham Avenue/Rt 45 commercial retail district in Urbana. Setbacks and Development Overview: – Setbacks: 15' (F), 5' (S), 10' (R) – Max FAR: 4.0 – Min OSR: None – Max Height: None. Area Description The subject property is situated less than a thousand feet from the intersection of Cunningham Avenue and University Avenue, just north of the 5 Points Commerce Centre. The property is in close proximity to several retail shopping centers and well-known national retailers. Directly across Cunningham Avenue to the west, you’ll find The Gateway Shoppes at Five Points. Nearby retailers include Walgreens, McDonald’s, Arby’s, Wendy’s, Jimmy John’s, U of I Credit Union, Panda Express, and Verizon.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
91-21-08-426-003
Land Assessment
$27,504 CAD
Improvements Assessment
$5,699 CAD
Total Assessment
$33,204 CAD

zoning

Zoning Code B-3 (General Business District)
B-3 (General Business District)
  • Listing ID: 32922682

  • Date on Market: 2024-08-22

  • Last Updated:

  • Address: 507 Crystal Lake Dr, Urbana, IL 61802

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