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    Urbana, IL
    Conventional Restaurant

    Urbana, IL Conventional Restaurants for Sale

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    Champaign, IL Savoy, IL Philo, IL Bondville, IL Tolono, IL Saint Joseph, IL Sidney, IL Thomasboro, IL
    Downtown Urbana Commercial Building
    Updated: Sep 26, 2025
    Downtown Urbana Commercial Building

    114 S Race, Urbana, IL 61801

    $475,000
    0.06 AC lot
    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.
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    Turn-Key Restaurant and Bar
    Updated: Jul 11
    Turn-Key Restaurant and Bar

    1309 East Washington Street, Urbana, IL 61802

    $475,000
    4,923 sqft
    Turn‑key restaurant and bar available for sale in Urbana, IL
    Year built: 1973
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    Freestanding Grocery and Cafe Building
    Freestanding Grocery and Cafe Building

    306 W Springfield Avenue W, Urbana, IL 61801

    $1,300,000

    Free-standing building with bakery, kitchen, refrigeration, and cafe space, currently operating as a food market.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 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 Retail and Residential
    Historic Mixed-Use Retail and Residential

    101-105 W Sale Street, Tuscola, IL 61953

    $750,000
    0.22 AC lot

    Turn-key restaurant space with historic finishes, plus upper-level residential/loft potential above adjacent storefronts.

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    Drive-Through Restaurant Portfolio
    Drive-Through Restaurant Portfolio

    1903 Convenience Place, Champaign, IL 61820

    $7,975,000
    15,186 sqft

    Three Panera Bread locations offered with corporate-guaranteed NN lease terms through 2033 and scheduled rent increases.

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    Restaurant and Residential Building
    Restaurant and Residential Building

    101 W Sale Street, Tuscola, IL 61953

    $400,000
    0.07 AC lot

    Main-level restaurant space with included equipment plus upstairs residential space, including one nearly finished unit and one unfinished area.

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    Turnkey Restaurant Space with Patio
    Turnkey Restaurant Space with Patio

    2135 S Neil St, Champaign, IL 61820

    Contact for pricing
    1,600 sqft

    Turnkey restaurant space with both indoor and outdoor dining seating in a retail shopping center setting.

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    Urbana, IL Conventional Restaurants Market Trends and Statistics

    Explore 3 conventional restaurants for sale in Urbana, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 4,923 square feet of properties for sale, with an estimated market value of $2,250,000.

    Sale prices for conventional restaurants in Urbana, IL start at $475,000, averaging $750,000, 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 4
    Bars & Pubs 2
    Coffee shops 1
    Drive through restaurants 1

    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
    61801 $475K

    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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    Most Searched ZIP Codes in Urbana, IL

    • 61801
    • 61802

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