Turnkey Restaurant with Patio
For Lease
Contact for pricing
201 N BROADWAY AVE, Urbana, IL 61801
Former restaurant space with built-in seating for about 55 and a front patio adding space for 16.
Space Size2,458 SF
Days on Market138
Property Features for 201 N BROADWAY AVE
General Information
Standard status
Active
Size
2,458 SF
Total Parking Spaces
15
Property subtype
Retail, Restaurant
Lease Type
NNN
Additional Details
Business Included
Yes
Building Details
Building Size
2,458 SF
Year Built
1899
Tenancy
Single
Spaces For Lease
at 201 N BROADWAY AVE Contact us- Size
- 2,458 SF
- Type
- Restaurant, Retail
- Lease Type
- NNN
- Availability
- Active
Entire Building
Listing Agency:
Coldwell Banker Commercial Real Estate Group
Listed By:
Leah Erickson · License #475.204597
(815) 553-2406
Source:
Crexi
Added: Apr 21
Changed: Aug 27
Last Checked: Sep 3 at 5:42AM
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 Coldwell Banker Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This restaurant space is built out and offered as a turnkey operation, featuring tall ceilings and an existing interior layout designed for guest service. Dining capacity is approximately 55 guests across built-in booths, tables, and bar seating, with an art deco back bar and mahogany bartop as prominent focal points. A front patio provides additional seasonal seating for about 16 guests.
Located in downtown Urbana, the property sits along Broadway Avenue and is described as minutes from the University of Illinois Urbana-Champaign campus. The offering includes a 15-space parking lot directly across the street, and the site is noted as being within Urbana’s TIF and Enterprise Zone districts.
Recent upgrades are referenced in the remarks, intended to reduce immediate capital needs for the next operator.
Located in downtown Urbana, the property sits along Broadway Avenue and is described as minutes from the University of Illinois Urbana-Champaign campus. The offering includes a 15-space parking lot directly across the street, and the site is noted as being within Urbana’s TIF and Enterprise Zone districts.
Recent upgrades are referenced in the remarks, intended to reduce immediate capital needs for the next operator.
Key Highlights
- Former restaurant property (Year Built 1899) with existing restaurant layout for food and beverage concepts
- Seating for approximately 55 guests plus a front patio for additional seating for 16
- Art deco back bar with mahogany bartop and a restaurant space with tall ceilings
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,196
Businesses Nearby
180k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 22%
Electronics 1%
Beauty & Spa 1%
McDonald's
Dining
33,155 visits/mo
0.3 miles
Culver's
Dining
21,130 visits/mo
0.1 miles
Starbucks
Dining
16,341 visits/mo
0.2 miles
Wendy's
Dining
15,665 visits/mo
0.3 miles
Panda Express
Dining
15,418 visits/mo
0.2 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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant space with built-in seating for about 55 and a front patio adding space for 16.
Where is this conventional restaurant located?
The property is located at 201 N BROADWAY AVE Urbana, IL.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Former restaurant property (Year Built 1899) with existing restaurant layout for food and beverage concepts; Seating for approximately 55 guests plus a front patio for additional seating for 16; Art deco back bar with mahogany bartop and a restaurant space with tall ceilings
