Two-Story Brick Restaurant
For Sale
$475,000
114 S Race, Urbana, IL 61801
Commercial Sale, Urbana, IL
Property SizeContact for details
Lot Size0.06 Acres
Days on Market338
Property Features for 114 S Race
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
RTAIL
Directions
Right in the middle of thriving downtown Urbana
Subdivision
Urbana
Standard status
Active
APN
922117206023
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
R
Tax Annual Amount
7795
Legal Description
R
Utilities
Cooling system
Central Air
Building Details
Year built
1900
Floors in Building
2
Listing Agency:
Weiner Co., Ltd.
(217) 972-8413
Listed By:
Jonah Weisskopf · License #475155882
(217) 972-8413
Added: Sep 26, 2025
Changed: Aug 19
Last Checked: Aug 29 at 2:06AM
MLS# 12481559
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story brick restaurant property at 114 S Race in Urbana includes a first-floor restaurant and an unfinished second floor. The building dates to 1900 and has central air. RTAIL zoning is identified for the property, which occupies approximately 0.061 acres.
The property is situated in downtown Urbana. An adjacent building to the south is under development as a live music venue, with an anticipated opening in early Fall 2026 described in the property information.
The property is situated in downtown Urbana. An adjacent building to the south is under development as a live music venue, with an anticipated opening in early Fall 2026 described in the property information.
Key Highlights
- Two‑story brick building with a first‑floor restaurant
- Unfinished second floor
- Approximately 0.061 acres
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,208
Businesses Nearby
178k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Shops & Services 21%
Electronics 1%
Beauty & Spa 1%
McDonald's
Dining
33,155 visits/mo
0.5 miles
Culver's
Dining
21,130 visits/mo
0.3 miles
Starbucks
Dining
16,341 visits/mo
0.2 miles
Wendy's
Dining
15,665 visits/mo
0.4 miles
Panda Express
Dining
15,418 visits/mo
0.3 miles
Demographics for 61801, IL
27,658
Population
13,468
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,122
Density / Sq Mi
$37,948
Median Household Income
$26,394
Median Earnings
$950
Median Rent
$184,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Downtown Urbana building with a restaurant on the first floor and an unfinished upper level.
Where is this conventional restaurant located?
The property is located at 114 S Race Urbana, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑story brick building with a first‑floor restaurant; Unfinished second floor; Approximately 0.061 acres
