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    Urbana, IL Commercial Real Estate for Sale

    26 results
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    Boomerangs Bar & Grill Building
    $450,000
    0.52 Acres

    Boomerangs Bar & Grill Building

    1309 E Washington St, Urbana, IL 61802

    Well-known bar and grill with potential for new owners.

    • 3,024 sq ft restaurant space with existing bar & grill setup.
    • Includes 6 gaming machines.
    • Features a dedicated live music space.
    • Offers a desirable outdoor patio area.
    • Additional 1,539 sq ft in 3 garage bays for flexible use (seating/rental).
    Updated: Dec 27, 2025
    View details
    Downtown Urbana Commercial Building For Sale
    $515,000
    0.06 Acres

    Downtown Urbana Commercial Building For Sale

    114 S Race St, Urbana, IL 61801

    Two-story brick building with first-floor restaurant in downtown Urbana.

    • Prime downtown Urbana location.
    • Existing first‑floor restaurant generating $3,500/month rental income.
    • Unfinished second floor offers 'value add' opportunity for conversion.
    • Low tax assessment.
    • New live music venue opening adjacent in Fall 2026.
    Updated: Oct 2, 2025
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    Urbana Commercial Property For Sale
    $175,000
    0.41 Acres

    Urbana Commercial Property For Sale

    Versatile commercial building with workshop and office space in Urbana.

    4904 N Cunningham Ave, Urbana, IL 61802
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    Downtown Urbana Retail Condominium
    $459,900

    Downtown Urbana Retail Condominium

    Prime retail condominium in downtown Urbana with renovated space.

    110 W Main St, Urbana, IL 61801
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    Updated Condo with Modern Amenities
    $132,500

    Updated Condo with Modern Amenities

    Move-in ready 3-bedroom condo with recent updates and convenient location.

    1310 Brighton Dr, Urbana, IL 61801
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    New Construction Zero Lot Line
    $289,900

    New Construction Zero Lot Line

    New construction zero lot line in Southwest Urbana neighborhood.

    114 W Mchenry St, Urbana, IL 61801
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    Modern Urbana Home with En-Suites
    $285,000
    1,750 SF

    Modern Urbana Home with En-Suites

    Low-maintenance home with en-suite bedrooms in desirable Urbana neighborhood.

    2216 S Stonebrooke Ct, Urbana, IL 61802
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    Urbana Commercial Property - Prime Location
    $330,000
    6,000 SF

    Urbana Commercial Property - Prime Location

    Versatile Commercial Building, .7 Acres, High Traffic

    1511 Triumph Dr, Urbana, IL 61802
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    Urbana Rooming House - Great Investment
    $350,000
    0.15 Acres

    Urbana Rooming House - Great Investment

    11 Bedroom, 4 Bath Rooming House - High Rental Income Potential

    804 Oregon St, Urbana, IL 61801
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    Urbana Main Street Commercial Space
    $625,000
    7,303 SF

    Urbana Main Street Commercial Space

    Prime Urbana location, large commercial space.

    110 Main St, Urbana, IL 61801
    View details
    along with a customer restroom. The shop is heated and includes an office
    $364,900
    2,500 SF

    along with a customer restroom. The shop is heated and includes an office

    bathroom and utility room for employee convenience. There is also a single bay automatic car wash system with in-floor radiant heated floor and reverse osmosis system

    212 Vine St, Urbana, IL 61802
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    Urbana Commercial Space - Main Street
    $625,000
    7,303 SF

    Urbana Commercial Space - Main Street

    Prime Urbana location, 7,303 sq ft. High-traffic area.

    106 Main St, Urbana, IL 61801
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    Urbana Office Building - Prime Location
    $970,000
    5,100 SF

    Urbana Office Building - Prime Location

    Downtown Urbana office space, ample parking, TIF eligible.

    507 Broadway Ave, Urbana, IL 61801
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    Urbana Retail Space: Prime Location
    $1,500,000
    9,800 SF

    Urbana Retail Space: Prime Location

    Iconic Downtown Urbana building, 9,800 sq ft.

    306 Springfield Ave, Urbana, IL 61801
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    Urbana Multi-Family Investment Opportunity
    $479,000

    Urbana Multi-Family Investment Opportunity

    Charming Urbana apartment building, excellent location.

    1008 Busey Ave, Urbana, IL 61801
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    EastLake Suites Hotel: Urbana, IL
    $9,000,000

    EastLake Suites Hotel: Urbana, IL

    Profitable Hotel, Prime Location

    1907 Cunningham Ave, Urbana, IL 61802
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    Urbana Storefront: Prime Retail Space
    $375,000
    3,699 SF

    Urbana Storefront: Prime Retail Space

    Vacant Retail Building, High Traffic Area

    1605 Cunningham Ave, Urbana, IL 61802
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    Urbana Redevelopment Opportunity For Sale
    $800,000
    2 SF

    Urbana Redevelopment Opportunity For Sale

    Redevelopment opportunity on a hard corner in Urbana, Illinois.

    2702-2708 N Cunningham Ave, Urbana, IL 61802
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    Remodeled Bar & Karaoke Venue
    $970,000
    8,800 SF

    Remodeled Bar & Karaoke Venue

    Turnkey bar and karaoke venue with leaseback opportunity.

    214 W Main St, Urbana, IL 61801
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    Vacant Retail Building Near I-74
    $350,000
    3,699 SF

    Vacant Retail Building Near I-74

    Vacant retail building with parking, close to I-74.

    1605 N Cunningham Ave, Urbana, IL 61802
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    Urbana Multifamily Portfolio
    $5,800,000
    600 SF

    Urbana Multifamily Portfolio

    Six-building, 77-unit multifamily portfolio in Urbana, Illinois.

    2008 Vawter Ave, Urbana, IL 61801
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    Industrial Property with Rail Access
    $6,500,000
    269,000 SF

    Industrial Property with Rail Access

    Industrial property featuring rail access and expansion potential.

    205 S Lierman Ave, Urbana, IL 61802
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    Remodeled Industrial Building with Solar
    $1,200,000
    16,975 SF

    Remodeled Industrial Building with Solar

    16,975 SF industrial building remodeled in 2022 & 2023.

    805 E Perkins Rd, Urbana, IL 61802
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    Professional Office Building For Sale
    $1,152,375
    9,251 SF

    Professional Office Building For Sale

    Well-maintained 9,251 SF office building in downtown Urbana, Illinois.

    508 S Broadway Ave, Urbana, IL 61801
    View details

    Urbana, IL Commercial Real Estate Investment Opportunities Market Analysis

    Explore 1322 commercial real estate investment opportunities in Urbana, IL with 26 listings featured on our commercial real estate marketplace. The current inventory includes 38,350,188 square feet of properties with an estimated value of $114,329,821.

    Estimated prices for commercial real estate in Urbana, IL begin at $50,000, with an average of $574,521 and extend to $7,425,000.

    In Urbana, IL, current investment values show:

    • Other commercial real estate positioned at $586,348
    • Multifamily properties measuring $468,332
    • Residential income properties assessed at $468,332
    • Industrial properties calculated at $777,692
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    Most Searched ZIP Codes in Urbana, IL

    • 61802
    • 61801

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