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    Urbana, IL Grocery And Convenience Stores for Sale

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    Champaign, IL Savoy, IL East Peoria, IL
    Urbana Commercial Property For Sale
    $1,300,000
    10,000 SF

    Urbana Commercial Property For Sale

    306 W Springfield Avenue W, Urbana, IL 61801

    Prime commercial property in Urbana, Illinois, ideal for various ventures.

    • 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.
    Updated: Apr 14
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    Downtown Urbana Retail Condominium
    $459,900
    6,200 SF

    Downtown Urbana Retail Condominium

    110 W Main St, Urbana, IL 61801

    Prime retail condominium in downtown Urbana with renovated space.

    • Prime downtown Urbana location.
    • Versatile B4 zoning allows for a wide range of business uses.
    • Renovated between 2015‑2017.
    • Large 4,000 sq ft basement space.
    • First floor features hardwood floors and high ceilings.
    Updated: Sep 18, 2025
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Urbana, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Family Dollar Retail Investment Opportunity
    $3,100,000
    14,490 SF

    Family Dollar Retail Investment Opportunity

    Retail property with a strong tenant history since 2019.

    1315 N Water St, Decatur, IL 62526
    View details
    Family Dollar Investment Opportunity
    $3,100,000
    14,490 SF

    Family Dollar Investment Opportunity

    NNN leased Family Dollar with strong corporate guarantee.

    1315 N Water St, Decatur, IL 62526
    View details
    37,619 SF Former Grocery Store
    $990,000

    37,619 SF Former Grocery Store

    Well-maintained building with ample parking and multiple uses.

    605 E Southline Rd, Tuscola, IL 61953
    View details
    Former Grocery Store with Parking
    $990,000
    37,619 SF

    Former Grocery Store with Parking

    37,619 SF building, formerly a grocery store, for sale.

    607 E Southline Rd, Tuscola, IL
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Lot in Savoy
    $125,000

    Prime Commercial Lot in Savoy

    Last available lot in a thriving Savoy commercial area.

    103 Calvin Street, Savoy, IL 61874
    View details
    Champaign Commercial Land For Sale
    $750,000
    1.92 Acres

    Champaign Commercial Land For Sale

    1.92-acre commercial lot in desirable Champaign location.

    4202 Nicklaus Drive, Champaign, IL 61822
    View details
    Prime Commercial Land Opportunity
    $421,143
    2.31 Acres

    Prime Commercial Land Opportunity

    2.31-acre commercial site in a high-growth Bloomington-Normal market.

    1038 Wylie Drive, Bloomington, IL 61705
    View details
    Commercial Land in Terre Haute
    $400,000
    4.42 Acres

    Commercial Land in Terre Haute

    Commercial land with road frontage in a high-traffic area.

    1301 Fort Harrison Road, Terre Haute, IN 47804
    View details

    Urbana, IL Grocery And Convenience Stores Investment Opportunities Market Analysis

    Explore 2 grocery and convenience stores for sale in Urbana, IL on our real estate platform. These investment opportunities span a total of 16,200 square feet of properties for sale, with an estimated market value of $1,759,900.

    Sale prices for supermarkets in Urbana, IL start at $459,900, averaging $879,950, 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

    Automotive properties 4
    Gas stations 3
    Grocery and convenience stores 2
    Drug stores 1
    Parking lots & garages 1

    Property Size Breakdown

    The majority of commercial real estate listings in Urbana fall within the 25,000 to 50,000 square foot range.

    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 median listing prices of real estate assets

    Neighborhood Average Price
    61801 $880K

    Taxes & Financing

    Average Loan-to-Value 65.0%

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