Urbana, IL Commercial Land for Sale

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Champaign, IL Savoy, IL East Peoria, IL Philo, IL Saint Joseph, IL Peoria, IL Tolono, IL Thomasboro, IL

20 properties

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Updated: Jun 29

Assembled Mixed-Use Development Site

507 Springfield Avenue, Urbana, IL 61801

$550,000

0.54 AC lot

0.54‑acre assemblage combining 510 W Elm Street and 507 W Springfield Avenue
0.41‑acre on‑grade parking lot zoned Mixed Office Residential (MOR)
0.13‑acre parcel with an approximately 2,000‑square‑foot office building
507 W Springfield Avenue is zoned B‑2 Neighborhood Business‑Arterial District
Downtown Urbana location minutes from the University of Illinois campus

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Updated: Mar 11

Commercial Land Near Interstate Exit

2005 N Kenyon Road, Urbana, IL 61802

$355,000

1.80 AC lot

1.8‑acre commercial land parcel
Located at the southwest quadrant of Interstate 74 and US Route 45 / Cunningham Ave Exit (Exit #184)
Next to Eastland Suites Hotel and Conference Center
COMMR zoning
Natural gas available

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Commercial Land Near Interstate

905 W Killarney Street, Urbana, IL 61801

$475,000

1.06 AC lot

B-3 General Business zoning and interstate access define the site’s commercial profile.

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See what stands out in Champaign County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Urbana Land Ready to Build

1011 and 1101 Bradley Avenue, Urbana, IL 61801

$2,654,894

11 sqft

Land for sale in Urbana, Illinois, with interstate access.

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B-3 Commercial Land

1009 N Cunningham Avenue, Urbana, IL 61802

$225,000

0.36 AC lot

Vacant commercial parcel with B-3 General Business zoning and access along N Cunningham Avenue.

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Urbana Land For Sale

402 W Griggs Street, Urbana, IL 61801

$400,000

1.08 AC lot

Commercial land available in Urbana, Illinois.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Prime Land Near University

1301 N Lincoln Avenue, Urbana, IL 61801

$1,200,000

3.12 AC lot

3.12-acre parcel near the University of Illinois.

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Commercial Sale

1209 E Colorado Ave, Urbana, IL 61801

$725,000

4,312 sqft

Medical Office Space · 4,312 SF

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Urbana Pad Site For Sale

2002 E Windsor Rd, Urbana, IL 61802

$785,000

155 sqft

3.56 AC pad site in Southeast Urbana for development.

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Mixed-Use Property with Shop Area

507 Crystal Lake Dr, Urbana, IL 61802

$139,900

MULTI-zoned parcel includes an apartment and a separate shop area.

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Urbana Land with Development Potential

Airport Rd, Vance Rd, & Cunningham Ave, Urbana, IL 61802

$1,250,000

26 sqft

26.93 acres in Urbana with varied zoning and development opportunities.

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Commercial Land at Highway Interchange

2005 North Kenyon Road, Urbana, IL 61802

$355,000

COMMR-zoned land near an interstate and adjacent hotel and conference center.

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Commercial Land in East Urbana

1806 Philo Road, Urbana, IL 61801

$195,000

Highly visible commercial land with business incentives and easy access.

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Zoned Commercial Land with Visibility

Contact for pricing

26.00 AC lot

26 acres of commercial land with utilities, near retail.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 20 Active Listings in Urbana, IL, we suggest to view alternatives - similar 14 Off-Market properties to explore as potential leads.

Off-Market Properties in Urbana, IL

Consider similar Off-Market properties in Urbana, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

VACANT COMMERCIAL LAND

1301 Washington St, Urbana, IL 61802-4447

Value Estimation by Request

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VACANT COMMERCIAL LAND

2904 Tatman Ct, Urbana, IL 61802

$155,000

Estimated value

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VACANT COMMERCIAL LAND

3003 Tatman Ct, Urbana, IL 61802

Value Estimation by Request

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VACANT COMMERCIAL LAND

3009 Tatman Ct, Urbana, IL 61802

Value Estimation by Request

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Urbana, IL Commercial Land Market Trends and Statistics

Explore 34 commercial land for sale in Urbana, IL, showcased through 20 active listings on our real estate platform. These investment opportunities span a total of 2,534,033 square feet of properties for sale, with an estimated market value of $9,309,794.

Sale prices for commercial lots in Urbana, IL start at $139,900, averaging $716,138, and reaching up to $2,654,894 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 47K

Population Growth (5Y) -5.1%

Median Household Income $46,466

College Educated 55.8%

High-Yield Neighborhoods for Investment

Identify Urbana submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
61802	$518.3K
61801	$885.7K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Champaign County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Urbana fall within the under-1-acre range.

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