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    23 Monument Sq Urbana, OH 43078

    New
    Under Contract
    For Sale
    $399,900

    COMMERCIAL - Urbana, OH

    Property size:
    4,769 SF
    Lot size:
    0.04 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 23 Monument Sq

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    K482500011602000
    Basement
    Full, Unfinished
    Size
    4,769 SF
    Lot size
    0.04 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Building materials
    Brick

    RE/MAX Alliance Realty (937) 652-1100

    Listing agent V. Patrick Hamilton (937) 652-1100

    Listing date Dec 12, 2025

    Copyright © 2025 Western Regional Information Systems and Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant and Bar Opportunity

    An established Latin American restaurant and bar is available for purchase, presenting a turnkey business opportunity with an existing customer base and community ties. The restaurant features a dining area designed for both small and large groups, with decor and colors intended to create a welcoming atmosphere. The menu includes slow-cooked meats, empanadas, rice and bean dishes, sauces, and desserts. The commercial kitchen is equipped with ample prep space and equipment. The restaurant also offers takeout and catering services. The sale includes a D5L and D6 Liquor License, dining furniture, decor, kitchen equipment, operational essentials, and inventory. The property, totaling almost 4800 square feet across three floors plus a full basement, is included in the sale. The location benefits from visibility and foot traffic. The second level is currently leased to a business but could be converted into an owner-occupied apartment, while the third level is available for development. The property is located in Urbana, OH.
    Property Profile Location Intelligence

    Current Use by Public Records

    Abuela's Kitchen Venezuelan Restaurant Andrew Grimm Photography Photographer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Sodexo

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Ohio
    Longitude
    -83.75299
    Latitude
    40.10767

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    FAQs

    What type of property is this?
    Restaurant - Established restaurant and bar for sale with real estate included.
    Where is this restaurant located?
    The property is located at 23 Monument Sq Urbana, OH.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Turnkey restaurant business with established brand and loyal customer base.; - Includes real estate with almost 4800 sq ft on 3 floors plus a full basement.; - D5L and D6 Liquor Licenses included for immediate alcohol sales.
    (937) 652-1100
    Request Owner's contact information
    23 Monument Sq Urbana, OH 43078
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    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
    23 Monument Sq Urbana, OH 43078
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