Urbana, IL 61801 1102 W University Avenue

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Presented By: Coldwell Banker R.E. Group
  • MLS# 12550545
  • 01/19/2026
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  • SQFT • 2,200

Home Details

Prime commercial opportunity located just one block from the University of Illinois, surrounded by newly developed student housing and continued area growth. Situated along a major thoroughfare with approximately 20,500 Annual Average Daily Traffic, this property offers exceptional visibility and exposure in a high-demand corridor. The former restaurant has closed, but all kitchen equipment and dining room fixtures are included, providing a true turnkey opportunity for a new owner. The space allows flexibility to continue operating under the existing business name or to rebrand with a new concept. Well-suited for a restaurant, cafe, or fast-casual concept, the property offers both drive-through and dine-in capabilities, making it an ideal fit for serving the strong student population and surrounding retail traffic.
Presented By: Coldwell Banker R.E. Group

General for 1102 W University Avenue

Additional Parcels Y/NYes
Business NameHot Wok
Business TypeFood & Beverage, Restaurant
CityUrbana
Construction MaterialsWood
CoolingCentral Air
CountyChampaign
DirectionsLincoln St, West on University Ave between Lincoln and Goodwin.
Lot Size Square Feet17770
MLS AreaUrbana
Operating Expense0
PossessionClosing
Possible UseCommercial, Retail, Special Use
Property TypeBusiness Opportunity
Property TypeBus / Bus w/Real Est
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount27890.36
Tax Year2024
ZoningCOMMR

Exterior for 1102 W University Avenue

Building Area Total2200
Lot Dimensions134.62 x 132
Waterfront Y/NNo

Additional Details

Price History

Client Care

Price $1,250,000
MLS#12550545
List Date 01/19/2026
Property Type Business Op
Phone 847.485.2500
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