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214 W Main St Urbana, IL 61801

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For Sale
$970,000

Turnkey bar and karaoke venue with leaseback opportunity.

Property size:
8,800 SF
Lot size:
0.11 Acres

Property Features for 214 W Main St

General Information

Size
8,800 SF
Lot size
0.11 Acres

Source: Coldwell Banker Commercial Devonshire Realty Agent Zach Wetherell

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Remodeled Bar & Karaoke Venue

Originally constructed in 1903 and remodeled in 2014, this property features a bar on the main level and a karaoke business on the second level. The main level spans 4,400 square feet and includes a bar area with an open layout, five karaoke rooms, a full kitchen, and restrooms. The second level, also 4,400 square feet, has a separate entrance and comprises a bar area with private seating, restrooms, and seven private karaoke rooms. Additional storage is available on an upper level above the second floor. A back stairwell was added during the 2014 remodel. The building also has a full basement with a restroom, walk-in cooler/freezer, office space, and additional storage. The HVAC system was new in 2014, coinciding with the building's remodel. A new roof was installed in June 2025. Currently, the first floor and basement are not in use, presenting an opportunity for an owner-occupied business or lease to another business. The seller is interested in leasing back the second-floor space for their existing business.
Insight Report Location Intelligence

Current Use by Public Records

ATM Atm A Plus VIP Lounge Karaoke

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

Starbucks, The Alamo, Joe's Brewery, Kam's, Illini Inn

Location Insight

  • Map
  • Local Demand
City
Urbana
County
Champaign
State
Illinois
Longitude
-88.209716
Latitude
40.112711

FAQs

What type of property is this?
Bar - Turnkey bar and karaoke venue with leaseback opportunity.
Where is this bar located?
The property is located at 214 W Main St Urbana, IL.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: - Remodeled in 2014 with updated HVAC system and a new roof installed in June 2025.; - Two-story building with **8,800 sq ft of usable space** (4,400 sq ft per floor).; - Main level features a bar area, five karaoke rooms, full kitchen, and restrooms.
More about this property
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