$475,000
( $117.57Per Sq Foot )
$2,550 est/mo Sourced by Back At You114 South Race,Urbana, IL 61801
Urbana, IL 61801
Description
Right in the heart of downtown Urbana. 2 story brick building with a first floor restaurant. 2nd floor is currently unfinished. Adjacent building to the South is being developed into a live music opening probably early Fall 2026. Current 1st floor rents are 3500 per month, Tenants pay utilities and all repairs up to 10,000. Low tax assessment. Urbana is on the rise with multiple new businesses opening in the past two years. Perfect for an owner operator or a 'value add' investor who wanted to convert the 2nd floor into a lost.
Details
| MLS # | 12481559 |
|---|---|
| Listing Type | For Sale |
| Style | Retail/stores |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 353 |
| Listing Provided By | Weiner Co., Ltd. | Jonah Weisskopf |
Features
| SQ Feet | 4,040 |
|---|---|
| Story(s) | 2 |
| Zoning | RTAIL |
Interior
| Cooling | Central Air |
|---|
Utilities
| Electric | Service - 101 to 200 Amps |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 7795.4 |
Area Information
| State | IL |
|---|---|
| County | Champaign |
| City | Urbana |
| Zip Code | 61801 |
| Area | Urbana |
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Learn More About This Property
| State | IL |
|---|---|
| County | Champaign |
| City | Urbana |
| Zip Code | 61801 |
| Area | Urbana |
Nearby Listings (Within 1/2 mile)
Price: $356K - $593K
sqft: 3,000 - 5,000
Listing Updated: August 3, 2026 at 9:07:56 AM PDT