507 Springfield Avenue
Urbana, IL
$550,000
507 Springfield Avenue
Urbana, IL 61801
$550,000
List Price
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About This Property
Unlock an exceptional redevelopment opportunity in the heart of downtown Urbana with this unique assemblage consisting of 510 W Elm Street and 507 W Springfield Avenue. Encompassing a total of .54 acres, this offering presents a rare opportunity for developers to capitalize on one of the region's strongest multifamily and mixed-use markets. The package includes 510 W Elm Street, a .41-acre on-grade parking lot currently zoned Mixed Office Residential (MOR), and 507 W Springfield Avenue, a .13-ac...
Property Details
Key Facts
Listed for sale
MLS #MRD12690723
$550,000
Jun 29, 2026
Mortgage Estimate
$3,708
/monthLocation
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507 Springfield Avenue, Urbana, IL 61801
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Listing data is provided in part by Midwest Real Estate Data LLC (MRED). Information is deemed reliable but not guaranteed accurate and should be independently verified. Properties may be listed by brokerages other than Abode Real Estate. © 2026 Midwest Real Estate Data LLC. All rights reserved.
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