114 South Race, Urbana, IL 61801
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
Samuel Stella

Samuel Stella

+1(224) 426-4652
$ 475,000
Est. payment /mo
Save
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 $117

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 SCHOOLS & PROPERTIES

Samuel Stella

Samuel Stella

Designated Managing Broker / Owner License ID: 471.021016

+1(224) 426-4652

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Stellar Results Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

114 South Race

QUICK SEARCH
There are 33 quick searches