Redevelopment Land, Not Applicable - 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’s expense.
Would you like more information regarding this property?
Please call (217) 352-7712.
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