Active
114 South Race
Urbana, IL 61801
$475,000 ▼ $40,000 from $515,000
0beds
0baths
—sqft
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About this home
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.
MLS Description — as provided by the listing brokerage.
The facts
Property typeCommercial Sale
Year built1900
Lot size—
Annual tax$7,795.4
CountyChampaign
MLS #MRD12481559
Days on market189
Features
Cooling
Central Air
Listed by
Weiner Co., Ltd.
Jonah Weisskopf · 217-369-2150
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/2/2026, 5:06:05 AM. All data should be independently verified.
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