1209 E Colorado Avenue
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
- First Wok 850 ft
- McDonald's 0.2 mi
- Sunny China Buffet 0.2 mi
- Burger King 0.3 mi
- Huaraches Moroleon 0.8 mi
- Monical's Pizza 0.9 mi
- Phillips 66 700 ft
- Urbana Mini Mart 0.3 mi
- Meijer 0.7 mi
- Meijer Express 0.7 mi
- Quick Shop 0.8 mi
- Food Center 1.1 mi
- Crestview Park 700 ft
- Sunnycrest Park 0.5 mi
- Lohmann Park 0.5 mi
- Larson Park 0.5 mi
- Blair Park 0.7 mi
- PrairiePlay 0.9 mi
- Good Judy's Espresso & Bagel Bar 0.9 mi
- Lazy Daisy Diner & Cafe 1.3 mi
- Starbucks 1.4 mi
- Corner Café 1.5 mi
- Elm City Roastery 1.5 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12437290