Urbana, IL Grocery and convenience stores 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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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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.

Dollar General NNN Investment Opportunity

401 W. Division St., Fisher, IL 61843

$1,093,871

9,300 sqft

Absolute NNN Dollar General with assumable financing until 2030.

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37,619 SF Former Grocery Store

605 E Southline Rd, Tuscola, IL 61953

$990,000

37 sqft

Well-maintained building with ample parking and multiple uses.

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Established Butcher Shop in Ivesdale

304 Chapin Street, Ivesdale, IL 61851

$499,900

0.55 AC lot

Turn-key butcher shop with residence in Ivesdale, Illinois.

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Former Grocery Store with Parking

607 E Southline Rd, Tuscola, IL

$990,000

37,619 sqft 4.07 AC lot

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

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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

103 Calvin Street, Savoy, IL 61874

$125,000

3,800 sqft 0.33 AC lot

Last available lot in a thriving Savoy commercial area.

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Champaign Commercial Land For Sale

4202 Nicklaus Drive, Champaign, IL 61822

$750,000

1.92 AC lot

1.92-acre commercial lot in desirable Champaign location.

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Prime Commercial Land Opportunity

1038 Wylie Drive, Bloomington, IL 61705

$421,143

2.31 AC lot

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

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Commercial Land in Terre Haute

1301 Fort Harrison Road, Terre Haute, IN 47804

$400,000

4.42 AC lot

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

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Urbana, IL Grocery And Convenience Stores Market Trends and Statistics

Explore 1 grocery and convenience stores for sale in Urbana, IL on our real estate platform. These investment opportunities span a total of 10,000 square feet of properties for sale, with an estimated market value of $1,300,000.

Sale prices for supermarkets in Urbana, IL start at $1,300,000, averaging $1,300,000, 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	$880K

Neighborhood

Average Price

61801

$880K

Urbana, IL Grocery And Convenience Stores for Sale

306 W Springfield Avenue W, Urbana, IL 61801