Turnkey Restaurant with Patio
201 N BROADWAY AVE Urbana, IL 61801
201 N BROADWAY AVE, Urbana, IL, 61801
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For Lease
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Former restaurant space with built-in seating for about 55 and a front patio adding space for 16.
Days on Market92
Property Features for 201 N BROADWAY AVE
General Information
- Standard status
- Active
- Property subtype
- Retail, Restaurant
Building Details
- Year Built
- 1899
Spaces For Lease
at 201 N BROADWAY AVE Contact us
Listing agency
Coldwell Banker Commercial Real Estate Group
(815) 553-2406
Listed by
Leah Erickson · License #475.204597
Source
Crexi
Added: Apr 21 Updated: Jul 21 at 6:48AM Checked: Jul 21 at 6:48AM
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
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Rent Nearby
FAQs
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
