Urbana, IL Restaurants for sale

Updated: Apr 14

Downtown Grocery Market

306 W Springfield Avenue W, Urbana, IL 61801

$1,300,000

0.61 AC lot

Freestanding grocery and convenience property in Downtown Urbana
Expansive refrigeration and dedicated frozen storage
Bakery and commercial kitchen areas
Café component with retail food aisles
Zoned COMMR

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Updated: Sep 26, 2025

Two-Story Brick Restaurant Property

114 S Race, Urbana, IL 61801

$475,000

0.06 AC lot

Two‑story brick building with a first‑floor restaurant
Unfinished second floor
Approximately 0.061 acres
Central air cooling
1900 construction date

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Freestanding Grocery and Convenience Store

306 W Springfield Ave W, Urbana, IL 61801

$1,300,000

9,800 sqft 0.75 AC lot

Food retail facility with refrigeration, frozen storage, bakery, kitchen, and café areas.

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Two-Story Brick Restaurant Building

114 South Race, Urbana, IL 61801

$475,000

4,040 sqft

Brick commercial building with a first-floor restaurant and unfinished upper-level space.

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Downtown Restaurant with Patio

201 N Broadway Ave, Urbana, IL 61801

$550,000

Turnkey restaurant space includes built-in seating, an art deco back bar, and a front patio for additional guests.

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Remodeled Bar & Karaoke Venue

214 W Main St, Urbana, IL

Contact for pricing

8,800 sqft 0.11 AC lot

Turnkey bar and karaoke venue with leaseback opportunity.

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Turn-Key Restaurant and Bar

1309 East Washington Street, Urbana, IL 61802

Contact for pricing

4,923 sqft

Turn-key restaurant and bar available for sale in Urbana, IL.

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Broadway Food Hall Retail Property

401 N Broadway Ave, Urbana, IL 61801

Contact for pricing

Remodeled food-service building with full occupancy in downtown Urbana.

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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 8 Active listings in Urbana, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Two-Story Mixed-Use Building

320 N Neil Street, Champaign, IL 61820

$1,250,000

0.08 AC lot

Brick commercial property combines a configured bar venue with a leased residential apartment and separate building systems.

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Restaurant and Residential Building

10 E CHESTER ST, Champaign, IL 61820

Contact for pricing

7,000 sqft

Two-level property combines an established restaurant with a large two-bedroom residential unit.

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Three-Storefront Commercial Property

206, 208, 210 E Logan St, Longview, IL 61852

$39,000

3,652 sqft

Three connected storefronts offer flexibility for multiple businesses or a larger commercial operation.

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Three-Storefront Commercial Building

206, 208, 210 E Logan Street S, Longview, IL 61852

$39,000

0.18 AC lot

Brick commercial property with three storefronts, COMMR zoning, and flexible configuration for separate or combined business use.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land

803 N Mattis Avenue, Champaign, IL 61821

$465,000

1.89 AC lot

Commercial land within the Garden Hills TIF District near Parkland College and Kraft.

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Commercial Land with Site Plans

612 CLARENDON Court, Savoy, IL 61874

$450,000

1.97 AC lot

Village-approved plans and concrete parking pads are already in place for future commercial development.

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Neighborhood Commercial Land

103 Calvin Street, Savoy, IL 61874

$125,000

Zoned Neighborhood Commercial with General Retail allowed and water available.

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Neighborhood Commercial Land

4202 Nicklaus Drive, Champaign, IL 61822

$750,000

1.92 AC lot

Vacant commercial parcel suited to neighborhood-serving office, retail, and service uses.

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Off-Market Properties in Urbana, IL

Consider similar Off-Market properties in Urbana, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Restaurants

2740 Philo Rd, Urbana, IL 61801

Value Estimation by Request

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Urbana, IL Restaurants Market Trends and Statistics

Explore 9 restaurants for sale in Urbana, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 27,563 square feet of properties for sale, with an estimated market value of $4,100,000.

Sale prices for restaurant properties in Urbana, IL start at $475,000, averaging $820,000, and reaching up to $1,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
61801	$820K

Neighborhood

Average Price

61801

$820K