REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Jonah Weisskopfof Weiner Co., Ltd.
$ 515,000
Est. payment /mo
Active
114 South Race Urbana, IL 61801
4,040 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 4,040 sqft
Price per Sqft $127
MLS Listing ID 12481559
Year Built 1900
Annual Tax Amount $7,795
Tax Year 2024
Lot Dimensions 23*115.5
Property Sub-Type Retail/Stores
Property 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.
Location
State IL
County Champaign
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.