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703 E Colorado Ave, Urbana, IL 61801 Property Records

Champaign County property record for 703 E Colorado Ave, Urbana, IL 61801

Property Summary

Property TypeCommercial
Lot Size0.871 acres (37,947 sqft)
OwnerCompany Name on File
Last Sale$569,000 (Jul 2005)
Tax Bill$15,184 (2024)
Deeds & MortgagesAug 2023 Sale
Jan 2022 Construction Loan
+ 1 more
Flood ZoneZone X (minimal risk)
APN93-21-21-152-040

Property Details

APN / Parcel Number

Primary APN93-21-21-152-040

Interior

Units56 Units

Exterior

Architectural StyleMulti-Family
Lot Area37,947 sqft (0.871 acres)

Location & Zoning

Street Address703 E COLORADO AVE
CityURBANA
StateIL
Zip61801-6380
Property CategoryCommercial
Property TypeCommercial > Retail
Legal DescriptionLOTS 555, 556 ENNIS RIDGE 7TH SUB AND LOTS 636, 637 ENNIS RIDGE 8TH SUB REPLAT
Legal Range09E
Legal Township19N
Legal Section21
Legal SubdivisionENNIS RIDGE 7TH SUB
Legal Lot Number555
JurisdictionCHAMPAIGN IL
Township / Civil DivisionCUNNINGHAM
Census Block Group2
Census Block2001
Census Tract5701

Owner

703 E Colorado Ave, a commercial property, is owned by a company that bought it in July 2005.

Source: Champaign County records, as of April 29, 2026

Owner of RecordCompany Name on File
Mailing Address1516 S BUNDY DR, 300, LOS ANGELES, CA 90025-2681
Owner TypeCompany
VestingLimited Liability Partnership

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Aug 3, 2023Special Warranty Deed, Transfer
ACCOMODATION, ACCOMMODATION
Jan 5, 2022Quit Claim Deed, Transfer · Construction Mortgage
GALVESTONE CAPITAL LLC
Dec 2, 2015Deed of Trust, Mortgage
PLATINUM GROUP PROPERTIES LLC

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJul 29, 2005 · Amount on File
Deed SaleJul 29, 2005 · Amount on File
Deed Document Number200521894
Prior Transfer DateJun 30, 2005
Prior Transfer Doc0000021894
Record UpdatedOct 29, 2026

August 2023: Special Warranty Deed, Transfer

Document TypeSpecial Warranty Deed
JurisdictionCHAMPAIGN IL
Recording DateAug 3, 2023
Property Address703 E COLORADO AVE, URBANA, IL 61801-6380
Document Number0000010802
Map ReferenceMB O PG 36
Instrument DateJul 6, 2023
Instrument2023R10802
Transaction TypeTransfer
Record UpdatedAug 23, 2023
Title CompanyACCOMODATION, ACCOMMODATION

Transaction

Tax$0.00
Amount AccuracyTransfer Tax Exempt
Additional
  • Lis Pendens
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address1516 S BUNDY DR STE 300, 300, LOS ANGELES, CA 90025-2681

January 2022: Quit Claim Deed, Transfer

Document TypeQuit Claim Deed
JurisdictionCHAMPAIGN IL
Recording DateJan 5, 2022
Property Address703 E COLORADO AVE, URBANA, IL 61801-6380
Document Number0000000256
Map ReferenceMB O PG 36
Instrument DateDec 16, 2021
Instrument2022R00256
Transaction TypeTransfer
Record UpdatedJan 12, 2022
Title CompanyATTORNEY ONLY, ATTORNEY

Transaction

Tax$0.00
Amount AccuracyTransfer Tax Exempt
Additional
  • Quitclaim
  • Intrafamily Transfer

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address703 E COLORADO AVE, URBANA, IL 61801-6380

Mortgage

Document Number0000000257
DateJan 5, 2022
Instrument2022R00257
Lender
NameGALVESTONE CAPITAL LLC
TypeNon-Lending Institution
Agreement
TypeConstruction Mortgage
AmountAmount on Record

December 2015: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCHAMPAIGN IL
Property Address703 E COLORADO AVE, URBANA, IL 61801-6380
Document Number0000020444
Instrument DateDec 2, 2015
Transaction TypeMortgage
Record UpdatedDec 19, 2018
Title CompanyATTORNEY ONLY

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
AddressPO BOX 3455 CHAMPAIGN IL 618263455, CHAMPAIGN, IL 61826-3455

Mortgage

Document Number0000020444
DateNov 29, 2018
Instrument20444
Lender
NamePLATINUM GROUP PROPERTIES LLC
Agreement
AmountAmount on Record
Interest
Rate5%

Tax Assessment & Valuation

Source: Champaign County assessment roll, as of April 29, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyChampaign County
County SubdivisionCunningham Township
MunicipalityUrbana City
Unified School DistrictUrbana School District 116 (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$152,890 (+5.8%) Land $102,190 Building $50,700$458,670 (+5.8%) Land $306,570 Building $152,100
2024$15,184.00 (-72.96%)$144,510 Land $96,590 Building $47,920$433,530 Land $289,770 Building $143,760
2023$56,146.00 (+6.69%)
2022$52,627.00$483,620 Land $81,150 Building $402,470$1,450,860 Land $243,450 Building $1,207,410

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA maps place 703 E Colorado Ave in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective July 14, 2021

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

The area around 703 E Colorado Ave has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemIL AMERICAN-CHAMPAIGN
private · serves 150,000 people · EPA ID IL0195300
Water SourceGroundwater
Last State InspectionSep 2025
Lead1 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 542 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
i3 Broadband
Fiber		8,000 / 8,000
AT&T
Fiber · Fixed Wireless in parts of the area		5,000 / 5,000
Xfinity
Cable		2,000 / 250
Verizon
Fixed Wireless		300 / 20
T-Mobile
Fixed Wireless		100 / 20

May also be available: Fidium Fiber, Nextlink, Pavlov Media, Volo.net Internet+Tech.

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