1207 - 1209 E Colorado
Medical/Dental Office in Southeast Urbana
Marketing description
Prime Office Investment or Owner-User Opportunity in Urbana
1209 & 1207 E Colorado Ave, Urbana, IL
4,312 SF Building + Vacant Lot | 27 Parking Spaces | Total Land: 37,806 SF
2023 Appraisal: $860,000
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.
Contact Guth & Associates to schedule a tour or request additional financials.
Investment highlights
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
Zoning: B3 General Business
No Flood Zone
Parking: 27 surface spaces
Utilities: 400-amp, 3-phase electric, 3 forced-air furnaces with central A/C
Building Features:
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 (7% increase)
Tenant pays 52% of shared utilities
North entrance with shared waiting area
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
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