Urbana, IL 61801,114 South Race
$515,000
Est. payment /mo
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4,040 SqFt
Active

114 South Race Urbana, IL 61801

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Sherry Davis

Sherry Davis

+1(262) 758-4176

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

Area Urbana

Zoning RTAIL

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jonah Weisskopf of  Weiner Co., Ltd. 

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 16
  • 5

    Washington Elementary School

    Public | KG - 5

  • 5

    Thomas Paine Elementary School

    Public | KG - 5

  • 4

    Stratton Elementary School

    Public | KG - 5

  • 4

    Leal Elementary School

    Public | KG - 5

  • 4

    Wiley Elementary School

    Public | KG - 5

  • 4

    Yankee Ridge Elementary School

    Public | KG - 5

  • 1

    M L King Jr Elementary School

    Public | KG - 5

  • 1

    Prairie Elementary School

    Public | KG - 5

  • 0

    Montessori School of Champaign-Urbana

    Private | PK - 3

  • 0

    Kindercare Learning Center

    Private | PK - KG

  • 0

    Holy Cross Elementary School

    Private | PK - 8

  • 0

    Chesterbrook Academy

    Private | PK - TKG

  • 0

    University Primary School

    Private | PK - 5

  • 0

    Circle Academy

    Private | 3 - 12

  • 0

    Kingswood School

    Private | PK - 12

  • 0

    Calvary Baptist Christian Academy

    Private | KG - 12

Middle Schools 6
  • 5

    Edison Middle School

    Public | 6 - 8

  • 4

    Franklin Middle School

    Public | 6 - 8

  • 4

    Urbana Middle School

    Public | 6 - 8

  • 0

    R E a D y Program

    Public | 6 - 12

  • 0

    University of Illinois High School

    Public | 8 - 12

  • 0

    Campus Middle School for Girls

    Private | 6 - 8

High Schools 3
  • 5

    Central High School

    Public | 9 - 12

  • 5

    Urbana High School

    Public | 9 - 12

  • 0

    Novak Academy

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Sherry Davis

Sherry Davis

License ID: 265248

+1(262) 758-4176

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114 South Race