
Five Points Commerce Center
A one-story retail center known as 5 Points Retail Center. It sits at one of the highest traffic intersections in the Urbana-Champaign metro area, offering prime visibility and accessibility for retail tenants.
Location
510 N Cunningham, Urbana, IL
Category
Retail
Year
2022
This retail asset, built in 2007, is fully leased and designed for multi-tenant use. It’s strategically located near the University of Illinois, which brings a consistent flow of potential customers. The property offers easy access, abundant parking, and strong tenant exposure thanks to monument and façade signage.
Key Features
Property Type: Single-story retail center (Class C)
Occupancy: 90% leased, multiple tenants
Cap Rate: 9.50%
Net Operating Income (NOI): $199,500 annually
Zoning: B-3 (General Business)
Parking: 121 spaces (approx. 5.44 spaces per 1,000 sq. ft.)
Signage: Monument and façade signage
Location Advantage: High-traffic corridor near University of Illinois (over 60,000 students)
https://maps.app.goo.gl/69FAuctbV795pE5j7




