Urbana, IL Conventional restaurants for sale

Updated: Apr 14

Downtown Grocery Market

306 W Springfield Avenue W, Urbana, IL 61801

$1,300,000

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

View details

Updated: Sep 26, 2025

Two-Story Brick Restaurant Property

114 S Race, Urbana, IL 61801

$475,000

0.06 AC lot

Two‑story brick building with a first‑floor restaurant
Unfinished second floor
Approximately 0.061 acres
Central air cooling
1900 construction date

View details

Freestanding Grocery and Convenience Store

306 W Springfield Ave W, Urbana, IL 61801

$1,300,000

9,800 sqft 0.75 AC lot

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

View details

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

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.

View details

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.

View details

Turn-Key Restaurant and Bar

1309 East Washington Street, Urbana, IL 61802

Contact for pricing

4,923 sqft

Turn-key restaurant and bar available for sale in Urbana, IL.

View details

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

Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 6 Active listings in Urbana, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Mixed-Use Portfolio

101-105 W Sale St, Tuscola, IL 61953

$750,000

11,058 sqft

Three downtown buildings combine restaurant operations, commercial space, and upper-level areas suited to residential conversion.

View details

Historic Mixed-Use Property

101 W Sale St, Tuscola, IL 61953

$400,000

5,700 sqft

Two-level commercial and residential asset with restaurant improvements, an apartment, and additional loft conversion space.

View details

Restaurant and Residential Building

10 E CHESTER ST, Champaign, IL 61820

Contact for pricing

7,000 sqft

Two-level property combines an established restaurant with a large two-bedroom residential unit.

View details

Single-Story Drive-Through Restaurant

401 W Kirby Ave, Champaign, IL 61820

Contact for pricing

0.67 AC lot

Masonry building with kitchen infrastructure and access for drive-through service.

View details

Urbana, IL Conventional Restaurants Market Trends and Statistics

Explore 6 conventional restaurants for sale in Urbana, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 18,763 square feet of properties for sale, with an estimated market value of $4,100,000.

Sale prices for conventional restaurants in Urbana, IL start at $475,000, averaging $820,000, and reaching up to $1,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
61801	$820K

Neighborhood

Average Price

61801

$820K