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Hometown Real Estate
7700 W. Belmont Ave
Chicago , IL 60634
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888 317 9983
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773 664 0013
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1209 Colorado Avenue
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Champaign, US
$815,000.00 listing calculator
Status: Active (For Sale)
Type: Commercial
Lot Size: 0.87 Acres
Year Built: 1999
MLS ID: 12437290


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Overview
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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

Courtesy Of: GUTH & ASSOCIATES,LLC


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General Features


List Date:
08/04/2025

Exterior Features and Amenities


Lot Size Dimensions:
290x260

Financial


Days On Market:
265
Tax Annual Amount:
$35,082.00
Tax Year:
2024


Directions


South side of Colorado Ave between Philo Rd and Cottage Grove Ave

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- Available - Unavailable

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2026-05-26
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Copyright 2026 MRED LLC

The information presented here is deemed reliable, though not guaranteed.
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About
Contact Events Blog Nikki Mayer
Buyers
Buyer's Resources Dream Home Finder Buyer Agent Information
Sellers
Seller's Resource Market Analysis
Listings
Search Listings Buyer Agents Hometown Real Estate Group Listings Office Listings Featured Listings Recently Sold Untitled Untitled
Community
Resources
Mortgage Info
Mortgage Calculator Mortgage Rates Loan Quote
Our Agents
Meet Our Agents