$515,000
Est. payment /mo
4,040 SqFt
Active
114 South Race Urbana, IL 61801
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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
Area Urbana
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jonah Weisskopf of Weiner Co., Ltd.
GET MORE INFORMATION
Chris Buckely
IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311
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