Downtown Grocery
For Sale
$1,300,000
306 W Springfield Avenue W, Urbana, IL 61801
Business Opportunity, Urbana, IL
Property SizeContact for details
Lot Size0.61 Acres
Days on Market141
Property Features for 306 W Springfield Avenue W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
West of Race St on Springfield Ave
Subdivision
Urbana
Standard status
Active
APN
922117130015
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT PT 2 SUB OF NE 1/4 NW 1/4 SEC 17-19-9
Tax Annual Amount
32108
Legal Description
LOT PT 2 SUB OF NE 1/4 NW 1/4 SEC 17-19-9
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Listing Agency:
KELLER WILLIAMS-TREC · Keller Williams Realty
(217) 356-6100
Listed By:
Atif Irfan · License #475184926
(217) 356-6100
Added: Apr 14
Changed: Aug 20
Last Checked: Sep 1 at 3:06AM
MLS# 12609270
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 306 W Springfield Avenue W in Urbana, this freestanding grocery and convenience property includes infrastructure for fresh and frozen food operations. The facility contains expansive refrigeration, frozen storage, a bakery, commercial kitchen areas, retail aisles, and a café component. Central air provides cooling throughout the property.
The property is positioned in Downtown Urbana, near the University of Illinois Urbana-Champaign, and is zoned COMMR. Existing improvements support grocery, prepared-food, bakery, café, and specialty-food concepts, while the interior configuration may also accommodate a revised retail or multi-tenant layout.
The property is positioned in Downtown Urbana, near the University of Illinois Urbana-Champaign, and is zoned COMMR. Existing improvements support grocery, prepared-food, bakery, café, and specialty-food concepts, while the interior configuration may also accommodate a revised retail or multi-tenant layout.
Key Highlights
- Freestanding grocery and convenience property in Downtown Urbana
- Expansive refrigeration and dedicated frozen storage
- Bakery and commercial kitchen areas
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,355
Businesses Nearby
64k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Groceries 34%
Shops & Services 22%
County Market
Groceries
21,552 visits/mo
0.1 miles
Raising Cane's Chicken Fingers
Dining
18,300 visits/mo
0.2 miles
Circle K
Shops & Services
10,007 visits/mo
0.4 miles
Potbelly Sandwich Shop
Dining
6,041 visits/mo
0.2 miles
AutoZone
Shops & Services
3,134 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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Similar Off Market Nearby
- Target Grocery — 603 E Green St, Champaign, IL 61820
- Fresh International Market - Champaign 華夏超市香檳店 — 505 S Neil St Suite 4-7, Champaign, IL 61820
- AM-KO Oriental Foods & Gifts — 101 E Springfield Ave, Champaign, IL 61820
- Far East Grocery — 105 S 5th St, Champaign, IL 61820
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Freestanding commercial facility includes refrigeration, frozen storage, bakery, kitchen, and café areas.
Where is this grocery and convenience store located?
The property is located at 306 W Springfield Avenue W Urbana, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Freestanding grocery and convenience property in Downtown Urbana; Expansive refrigeration and dedicated frozen storage; Bakery and commercial kitchen areas
