Colliers is pleased to introduce Northgate Plaza, a 100% occupied neighborhood retail center located at 1502–1508 N Cunningham Ave, Urbana, Illinois. Positioned along North Cunningham Avenue, a primary commercial gateway off Interstate 74, the site captures steady traffic moving between the interstate, downtown Urbana, and the University of Illinois Urbana-Champaign campus, located ~8 minutes South. Supported by major regional healthcare anchors and UIUC, this 100% leased center features a diverse tenant mix anchored by Harbor Freight Tools and Dollar General, delivering strong in-place income and long-term stability.
The property spans approximately 50,361 square feet on a 6.90-acre lot. With a Net Operating Income (NOI) of $278,680 and a purchase price of $3,483,494 this offering delivers an attractive 8.00% capitalization rate.