Property Listing No Longer Available for Sale

1301 E. Washington St., Urbana, IL

Land for Sale - 1.82 acres


Property Info

CIMLS#982379
Location
  1301 E. Washington St.
  Urbana IL 61802
UpdatedOctober 18th, 2018
TypeLand
PriceUpon Request
Land1.82 acres

Property Description

PUBLIC AUCTION November 1st, 2018

400 South Vine Street, Urbana, IL

This property is a 1.82 acre development site with 360 feet of frontage along Philo Rd. and 220 feet of frontage along East Washington St. This is an excellent redevelopment site which is located in the Urbana Enterprise Zone. Eligible commercial projects located within the UEZ can receive both sales tax exemptions certificates and property tax abatements. This location would be ideal for a strip center or a service oriented business. There are currently several buildings located on site which are in disrepair. The buildings need to either be brought up to code within 18 months of the sale or demolished. Whether they are repaired or demolished, both are at the buyer


Financials