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    Urbana, IL

    Urbana, IL Commercial Real Estate for Sale

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    Champaign, IL Savoy, IL Philo, IL
    31 properties
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    Urbana Commercial Property For Sale
    Updated: Apr 14
    Urbana Commercial Property For Sale

    306 W Springfield Avenue W, Urbana, IL 61801

    $1,300,000
    10,000 sqft · 0.61 AC lot
    Prime general commercial land location in the heart of Downtown Urbana, minutes from the University of Illinois Urbana‑Champaign.
    Significant price reduction from $2.5 million to $1.3 million, including the business name, fixtures, and inventory.
    Large, free‑standing property with nearly 10,000 square feet of modern, thoughtfully designed space on over three‑quarters of an acre.
    Fully equipped facility with expansive refrigeration, generous frozen storage, a full bakery and kitchen, and a cafe.
    Versatile space suitable for continuing its legacy as a market, reimagining it as a new concept, or transforming it into a multi‑tenant space.
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    This listing looks promising.

    Here's a quick look at some key insights for

    306 W Springfield Avenue W, Urbana, IL 61801

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $113K
      Annual

    • Mortgage

      $1M
      Jun 2015

    • Last Sold

      Jun 2015
      $970K
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    Mixed-Use Redevelopment Land Assemblage
    Updated: Jun 29
    Mixed-Use Redevelopment Land Assemblage

    507 Springfield Avenue, Urbana, IL 61801

    $550,000
    0.54 AC lot
    Redevelopment assemblage in downtown Urbana: 510 W Elm St and 507 W Springfield Ave totaling 0.54 acres.
    510 W Elm St is a 0.41‑acre on‑grade parking lot zoned Mixed Office Residential (MOR).
    507 W Springfield Ave is a 0.13‑acre parcel with an approximately 2,000 SF office building zoned B‑2 Neighborhood Business‑Arterial District.
    Cooling includes central air.
    Year built: 1965.
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    Office Building for Sale
    Office Building for Sale

    507 S Broadway Avenue, Urbana, IL 61801

    $970,000
    0.46 AC lot

    Office building offered for sale in Urbana, Illinois within Champaign County.

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    B-3 Zoned Commercial Vacant Lot
    B-3 Zoned Commercial Vacant Lot

    1009 N Cunningham Avenue, Urbana, IL 61802

    $225,000
    0.36 AC lot

    Vacant 0.36-acre B-3 lot in Urbana suited for general business development.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Urbana Commercial Property For Sale
    Urbana Commercial Property For Sale

    4904 N Cunningham Avenue, Urbana, IL 61802

    $175,000
    3,000 sqft · 0.41 AC lot

    Versatile commercial building in Urbana with convenient interstate access.

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    Remodeled Bar & Karaoke Venue
    Remodeled Bar & Karaoke Venue

    214 W Main St, Urbana, IL

    $970,000
    8,800 sqft · 0.11 AC lot

    Turnkey bar and karaoke venue with leaseback opportunity.

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    Urbana Commercial Land For Sale
    Urbana Commercial Land For Sale

    905 W Killarney Street, Urbana, IL 61801

    $475,000
    1.06 AC lot

    Prime commercial land parcel in Urbana, Illinois, with high visibility.

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    Downtown Urbana Office/Warehouse Building
    Downtown Urbana Office/Warehouse Building

    508 S Broadway Ave Urbana IL, Urbana, IL 61801

    $1,152,375
    9,251 sqft · 0.63 AC lot

    Professional office building with warehouse space in downtown Urbana.

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    Urbana Land For Sale
    Urbana Land For Sale

    402 W Griggs Street, Urbana, IL 61801

    $599,000
    1.08 AC lot

    Commercial land available in Urbana, Illinois.

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    Downtown Urbana Commercial Building
    Downtown Urbana Commercial Building

    114 S Race, Urbana, IL 61801

    $475,000
    0.06 AC lot

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

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    Retail Building in Urbana
    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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    Remodeled Industrial Building with Solar
    Remodeled Industrial Building with Solar

    805 E Perkins Rd, Urbana, IL

    $1,200,000
    16,975 sqft · 1.23 AC lot

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

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    Urbana Build Ready Land
    Urbana Build Ready Land

    1101 W Bradley Ave, Urbana, IL 61801

    $2,654,894
    5.08 AC lot

    Commercial land available near the Interstate in Urbana, Illinois.

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    Urbana Redevelopment Opportunity For Sale
    Urbana Redevelopment Opportunity For Sale

    2702-2708 N Cunningham Ave, Urbana, IL 61802

    $600,000
    2 sqft

    Redevelopment opportunity on a hard corner in Urbana, Illinois.

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    Urbana Office Building For Sale
    Urbana Office Building For Sale

    1405 E Florida, Urbana, IL 61801

    $295,000

    Office building for sale in Urbana's South end.

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    Urbana Build-Ready Land Available
    Urbana Build-Ready Land Available

    1011 W Bradley Ave, Urbana, IL 61801

    $3,387,748
    6.48 AC lot

    Commercial land near Interstate, ready for development with grant potential.

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    Prime Land Near University
    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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    Downtown Urbana Retail Condominium
    Downtown Urbana Retail Condominium

    110 W Main St, Urbana, IL 61801

    $459,900
    6,200 sqft

    Prime retail condominium in downtown Urbana with renovated space.

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    Urbana Pad Site For Sale
    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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    Urbana Land with Development Potential
    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 in East Urbana
    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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    Urbana Pad Site For Sale
    Urbana Pad Site For Sale

    2002 E Windsor Ln, Urbana, IL

    $785,000
    3.56 AC lot

    3.56 AC pad site in Southeast Urbana.

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    Prime Land Near University
    Prime Land Near University

    1301 North Lincoln Avenue, Urbana, IL 61801

    $1,200,000
    3.50 AC lot

    3.5-acre parcel near University of Illinois, Urbana.

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    Urbana Land Near University
    Urbana Land Near University

    1950 High Cross Road N, Urbana, IL 61802

    $349,900
    15.00 AC lot

    15-acre property near Urbana, suitable for development or hobby farm.

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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 31 active listings on our real estate platform. These investment opportunities span a total of 336,299 square feet of properties for sale, with an estimated market value of $18,362,169.

    Sale prices for business properties in Urbana, IL start at $175,000, averaging $1,412,474, and reaching up to $6,500,000 — 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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    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 $704.5K
    61801 $1.2M

    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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