The school cited low enrollment figures that were exacerbated by COVID-19.
Though students no longer take classes at the university, its campus remains in tact. In an effort to bring the property back to life, commercial real estate firm CBRE placed it on the market. There is no list price for the property.
CBRE’s Anne Rahm and Todd Greiner are marketing the campus for sale on behalf of the owner, Franklin University.
“The Urbana campus listing is a rare opportunity for both educational and institutional users as well as investors looking for a unique redevelopment opportunity,” said Rahm, Midwest regional manager for CBRE’s Public Institutions and Education Group.
For more on the campus, visit the Dayton Business Journal.