1209 E Colorado AVE, Urbana, IL 61801
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1209 E Colorado AVE, Urbana, IL 61801
1209 E Colorado AVE, Urbana, IL 61801
1209 E Colorado AVE, Urbana, IL 61801
1209 E Colorado AVE, Urbana, IL 61801
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Mario Bilotas

Mario Bilotas

+1(847) 910-5022
$ 725,000
Est. payment /mo
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Price Dropped by $90K

1209 E Colorado AVE Urbana, IL 61801

4,312 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office/Tech

Listing Status Active

Purchase Type For Sale

Square Footage 4,312 sqft

Price per Sqft $168

MLS Listing ID 12437290

Year Built 1999

Annual Tax Amount $35,082

Tax Year 2024

Lot Size 0.870 Acres

Lot Dimensions 290x260

Property Sub-Type Office/Tech

Property Description

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

Location

State IL

County Champaign

Area Urbana

Zoning OFFIC

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Office/Tech

Structure Type Brick,Block

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jill Guth of  GUTH & ASSOCIATES,LLC 

Nearby School & Business

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MY BLOGS

feature image of Vacant Land Scams are REAL
Vacant Land Scams are REAL
About 6 months ago, I received an email from (let’s call him) Charlie. A “nothing out of the ordinary” email from a common (and mildly validating) charlie…..@hotmail stating: “I have owned the lot for many years, but a couple of years ago I moved from Illinois to California, and I would like to sell
feature image of THE FRONT PORCH SWING
THE FRONT PORCH SWING
Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slow
feature image of less is more, unless, it’s for less.
less is more, unless, it’s for less.
I hated looking for matching socks. Every day, my job required me to remove shoes at nearly every doorstep, and matching my socks was a daily frustration. Each day, I’d get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds
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Mario Bilotas

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Address

205 W. Miner Street, Arlington Heights, IL 60005, USA

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