Urbana, IL 61801 114 South Race
$515,000
Presented By: Weiner Co., Ltd.
SQFT • 4,040
Home Details
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.
Presented By: Weiner Co., Ltd.
General for 114 South Race
Additional Parcels Y/NNo
CityUrbana
CoolingCentral Air
CountyChampaign
DirectionsRight in the middle of thriving downtown Urbana
ElectricService - 101 to 200 Amps
Leasable Area2300
Lot Size Square Feet2656
MLS AreaUrbana
ModificationTimestamp2025-10-02T05:07:24.947Z
Net Operating Income7000
Property SubtypeRestaurant
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount7795.4
Tax Year2024
Year Built1900
ZoningRTAIL
Exterior for 114 South Race
Building Area Total4040
Lot Dimensions23*115.5
Additional Details
Price History
