Listed by Guth & Associates
$2,200,000
510 N Cunningham - Five Points Shopping Center
Details
APN 912108427011
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 22,472
Net Rentable (SqFt) 22,472
Units 14
Cap Rate 9.88%
NOI $217,255
Occupancy 78%
Tenancy Multi
Price per SqFt $98
Broker Co-Op True
Class B
Year Built 2007
Buildings 1
Stories 1
Acreage 1.680
Zoning B3
Investment Type Stabilized
Ground Lease No
Ownership Tenants in Common
Urbana Shopping Center
Marketing description
510 N Cunningham Avenue, known as Five Points, is a well-established 14-suite neighborhood retail center strategically located at one of Urbana's busiest commercial intersections. Situated on a 1.68-acre site and zoned B-3 (General Business), the property offers a strong mix of retail, restaurant, office, and service tenants, making it a stable investment opportunity in a high-traffic corridor. With building and pylon signage, ample on-site parking, and a diverse tenant mix, Five Points has long served as a neighborhood commercial destination. The property's location within one of Urbana's most established retail corridors positions it for continued long-term success and investment stability.
Investment highlights
- 14 suite multi-tenant retail center
- 1.68-acre site
- Zoned B-3 (General Business)
- Access from Cunningham Avenue, University Avenue, and Main Street
- Building and pylon signage opportunities
- Ample on-site parking
- Strong mix of retail, restaurant, office, and service tenants
- Minutes from Interstate 74, Downtown Urbana, Carle Foundation Hospital, and the University of Illinois
Listing Contacts
Listed by Guth & Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$217,255.14
$18,104.60/mo
Valuation Metrics
0
DSCR
9.88%
Cap Rate
9.88%
ROI
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