Two-Story Brick Restaurant
For Sale
$475,000
114 South Race, Urbana, IL 61801
Brick commercial building with a first-floor restaurant and unfinished upper-level space.
Property Size4,040 SF
Price / SF$117.57
Days on Market13
Property Features for 114 South Race
General Information
Standard status
Active
Size
4,040 SF
Property Condition
Severity
Repairs Needed
Evidence
unfinished
Building Details
Year Built
1900
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Weiner Co., Ltd.
(217) 384-8001
Listed By:
Jonah Weisskopf
Source:
Bktchicago
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 3:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weiner Co., Ltd.
Investment Insights
Based on property information with market context.
This 4,040-square-foot, two-story brick building dates to 1900 and includes a restaurant on the first floor. The second level remains unfinished, providing additional interior space within the existing structure. The property is currently occupied on the first floor, with tenants responsible for utilities and repairs under the stated lease arrangement.
Located at 114 South Race in downtown Urbana, the building is adjacent to a separate property being developed for live music use, with an anticipated opening in early Fall 2026. The combination of an existing restaurant area and unfinished upper floor defines the property’s current configuration.
Located at 114 South Race in downtown Urbana, the building is adjacent to a separate property being developed for live music use, with an anticipated opening in early Fall 2026. The combination of an existing restaurant area and unfinished upper floor defines the property’s current configuration.
Key Highlights
- 4,040‑square‑foot two‑story brick building
- First‑floor restaurant space currently occupied
- Unfinished second floor
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 - Brick commercial building with a first-floor restaurant and unfinished upper-level space.
Where is this conventional restaurant located?
The property is located at 114 South 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: 4,040‑square‑foot two‑story brick building; First‑floor restaurant space currently occupied; Unfinished second floor
