114 South Race, Urbana, IL

$515,000

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About 114 South Race

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.

Features of 114 South Race

MLS® # 12481559
Price $515,000
Bathrooms 0.00
Acres 0.00
Year Built 1900
Type Commercial Sale
Sub-Type Retail/Stores
Status Active

Community Information

Address 114 South Race
Area Urbana
City Urbana
County Champaign
State IL
Zip Code 61801

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Additional Information

Days on Market 24
Zoning RTAIL
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeWeiner Co., Ltd.

Listing Map

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