Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1309 E Washington St Urbana, IL 61802

    For Sale
    $499,900

    Business Opportunity - Urbana, IL

    Property size:
    4,563 SF
    Days on Market:
    206
    Last Refresh:
    Dec 6 at 6:06 am

    Property Features for 1309 E Washington St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    922116327017
    Size
    4,563 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    Keller Williams The Real Estate Center of Illinois, LLC (217) 356-6100 [email protected]

    Listing agent Steve Littlefield (217) 356-6100 License #475138856

    Listing date May 15, 2025

    MLS# 12345636 Listing URL

    Copyright © 2025 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.

    Overview

    Urbana Bar & Grill Opportunity

    The Boomerangs Bar & Grill building in Urbana, Illinois, presents a business opportunity for new owners. The restaurant space encompasses 3,024 square feet and includes 6 gaming machines, a live music area, and an outdoor patio. Additionally, there are 1,539 square feet in three garage bays, offering potential for expanded seating or rental income. The property is zoned COMMR and is located at 1309 E Washington Street. The business itself is available for purchase at an additional cost. This property offers potential for various business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    90's Daughter Musician Boomerangs Bar & Grill Bar & Grill

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Silver Bullet Bar, Gallery Art Bar, Bunny's Tavern, Rose Bowl Tavern, A Plus VIP Lounge

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.195684
    Latitude
    40.105662

    Nearby Similar for Sale

    • $459,900
      7,303 SF

      Downtown Urbana Retail Condominium For Sale

      Prime downtown Urbana retail condominium with renovated space for sale.
      110 W Main St, Urbana, IL 61801
      View Details
    • $410,000
      2,204 SF

      Urbana Multifamily Investment Opportunity

      Five-unit building fully leased through July 2026 in Urbana.
      212 W High St, Urbana, IL 61801
      View Details
    • $139,000
      0.09 Acres

      Urbana Duplex Investment Opportunity

      Fully rented duplex in Urbana, near the University of Illinois.
      401 S Maple St, Urbana, IL 61801
      View Details
    • $210,000
      0.25 Acres

      All-Brick Investment Property Near Campus

      Three-unit property near University of Illinois with dependable performance.
      511 W Oregon St, Urbana, IL 61801
      View Details
    • $137,900
      Pending

      Urbana Income-Producing Duplex For Sale

      Duplex with updated units, one leased through August 2026.
      208 S Poplar St, Urbana, IL 61802
      View Details
    • $250,000

      Urbana Duplex Near Campus

      Investment duplex near engineering campus in Urbana, Illinois.
      812 W Main St, Urbana, IL 61801
      View Details

    FAQs

    What type of property is this?
    Bar - Well-known bar and grill with gaming and outdoor space.
    Where is this bar located?
    The property is located at 1309 E Washington St Urbana, IL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - 3,024 sq ft restaurant space with **existing bar & grill setup**.; - Includes 6 gaming machines.; - Features a **dedicated live music space**.
    (217) 356-6100
    Request Owner's contact information
    1309 E Washington St Urbana, IL 61802
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1309 E Washington St
    Urbana, IL 61802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1309 E Washington St Urbana, IL 61802
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.