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Listing provided courtesy of RE/MAX REALTY ASSOCIATES-CHAMREDas Distributed by MLSGrid- MLS# 12612473MLS Provider

507 Crystal Lake DriveUrbana, IL 61802

Commercial
$139,900 Active

507 Crystal Lake Drive Overview

Time on Site:
82 days
Visits:
0

Opportunity is knocking, and we have the keys. This parcel is ready for you to make your own. Property was originally a Mobile Home Park and one building remains. This structure includes an apartment and a shop area that the owner originally used for storage, shop work, and laundry facilities for the property. Sitting on 1/3 of an acre, this centrally located property has easy access to Cunningham Avenue and University Avenue providing an abundance of potential advertising options that could be utilized for your new project. Schedule your tour today and let your imagination run wild!

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507 Crystal Lake Drive Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1946

Location/Region

  • County Or Parish: Champaign
  • MLS Area Major: Urbana
  • Township: Cunningham

Tax Information

  • Tax Annual Amount: $2,687.00
  • Tax Year: 2024

General Information

  • Parcel Number: 912108426003
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

General Information

  • Cooling: Window Unit(s)
  • Electric: Service - 0 to 100 Amps
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 116x121.5
  • Lot Size Square Feet: 14094
  • Water Source: Municipal Water

General Information

  • Number Of Units Total: 1
  • Sewer: Storm Sewer
  • Utilities: Electric to Site,Natural Gas Available

507 Crystal Lake Drive Neighborhood

Community

61802 (URBANA) Demographics

40
Median Age
242
Population Density (per sq. mile)
45%
College Educated
$48,551
Estimated Median Income
5,030
Estimated Total Home Owners
3,981
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

507 Crystal Lake Drive Monthly Cost

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$ %
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$
$
Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

507 Crystal Lake Drive Market Data

Based on the last 30 days in this zip code

$379,398
Average List Price
$194
Average Price per Square Foot
29
Properties Sold
64
Average Days on Market
80
Properties for Sale
Calculations provided by Reliance Network

507 Crystal Lake Drive History

Date Event Value Agent
6/14/2026Source: MRED Status Change
Active
6/9/2026Source: MRED Price Reduction
$139,900 -6.7%
6/9/2026Source: MRED Status Change
Price Change
4/14/2026Source: MRED Status Change
Active
4/9/2026Source: MRED Added to Database
April 09, 2026