Urbana, IL Commercial Real Estate for Sale

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40 properties

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Updated: Apr 14

Downtown Grocery Market

306 W Springfield Avenue W, Urbana, IL 61801

$1,250,000

0.61 AC lot

Freestanding grocery and convenience property in Downtown Urbana
Expansive refrigeration and dedicated frozen storage
Bakery and commercial kitchen areas
Café component with retail food aisles
Zoned COMMR

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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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For-Sale Office Property

507 S Broadway Avenue, Urbana, IL 61801

$970,000

0.46 AC lot

For-sale office property offered with an approximately 0.46-acre lot.

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Scored against comparables nationwide. These are worth a look.

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Freestanding Grocery and Convenience Store

306 W Springfield Ave W, Urbana, IL 61801

$1,250,000

9,800 sqft 0.75 AC lot

Food retail facility with refrigeration, frozen storage, bakery, kitchen, and café areas.

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Mixed-Use Property with Shop Area

507 Crystal Lake Drive, Urbana, IL 61802

$139,900

0.32 AC lot

Existing improvements combine an apartment with a dedicated shop area.

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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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Commercial Land Near Interstate Exit

2005 N Kenyon Road, Urbana, IL 61802

$355,000

1.80 AC lot

An Urbana parcel beside I-74 and US Route 45, adjacent to a hotel and conference center.

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Retail Building in Urbana

1110 S Philo Rd, Urbana, IL 61801

$965,000

9,180 sqft 1.17 AC lot

9,180 SF retail building on 1.17 acres.

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Two-Story Brick Restaurant Property

114 S Race, Urbana, IL 61801

$475,000

0.06 AC lot

Downtown Urbana building with a restaurant on the first floor and an unfinished upper level.

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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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Renovated Storefront Retail Condominium

110 W Main St, Urbana, IL 61801

$459,900

7,303 sqft

Two-level commercial condominium with hardwood floors, high ceilings, and expansive storefront windows.

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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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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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Two-Story Brick Restaurant Building

114 South Race, Urbana, IL 61801

$475,000

4,040 sqft

Brick commercial building with a first-floor restaurant and unfinished upper-level space.

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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 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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Fully Occupied Shopping Center

1502-1508 N Cunningham Ave, Urbana, IL 61802

Contact for pricing

50,361 sqft 6.90 AC lot

Anchored by Harbor Freight Tools and Dollar General, the center sits near the University of Illinois Urbana-Champaign.

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Prime Urbana Development Opportunity

2810 Philo Rd, Urbana, IL 61802

$1,049,796

4.82 AC lot

4.82-acre lot in Stone Creek Commons, Urbana Enterprise Zone.

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Urbana Commercial Lot For Sale

2601 S High Cross Rd, Urbana, IL 61802

$750,000

6.53 AC lot

6.53-acre commercial lot at Windsor & High Cross Road.

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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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Multi-Tenant Shopping Center

1803-1809 Philo Rd, Urbana, IL 61802

Contact for pricing

25,576 sqft 1.22 AC lot

B-3-zoned retail center with a vacant junior-box space within a multi-tenant configuration.

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Downtown Restaurant with Patio

201 N Broadway Ave, Urbana, IL 61801

$550,000

Turnkey restaurant space includes built-in seating, an art deco back bar, and a front patio for additional guests.

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Urbana Commercial Lot in Stone Creek

2810 Boulder Dr, Urbana, IL 61802

$441,481

2.03 AC lot

2.03-acre commercial lot in southeast Urbana's Stone Creek Commons.

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Downtown Urbana Office/Warehouse Building

508 S Broadway Ave Urbana IL, Urbana, IL 61801

Contact for pricing

9,251 sqft 0.63 AC lot

Professional office building with warehouse space in downtown Urbana.

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Urbana, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Urbana, IL, showcased through 40 active listings on our real estate platform. These investment opportunities span a total of 137,437 square feet of properties for sale, with an estimated market value of $25,607,246.

Sale prices for business properties in Urbana, IL start at $99,000, averaging $775,977, and reaching up to $3,483,494 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Urbana, IL CRE market trends — vacancy, lease rates and price per SF, updated monthly

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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	$765.2K
61801	$789.1K

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 25,000 to 50,000 square foot range.

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