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    Urbana, IL
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    Urbana, IL Restaurants for Sale

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    Champaign, IL Savoy, IL East Peoria, IL
    Downtown Urbana Commercial Building
    $475,000
    0.06 Acres

    Downtown Urbana Commercial Building

    114 S Race, Urbana, IL 61801

    Two-story commercial building with first-floor restaurant in downtown Urbana.

    • Prime downtown Urbana location.
    • Existing first‑floor restaurant generating $3,500/month rental income.
    • Unfinished second floor offers 'value add' opportunity for conversion.
    • Low tax assessment.
    • New live music venue opening adjacent in Fall 2026.
    Updated: Sep 26, 2025
    View details
    Remodeled Bar & Karaoke Venue
    $970,000
    8,800 SF

    Remodeled Bar & Karaoke Venue

    214 W Main St, Urbana, IL

    Turnkey bar and karaoke venue with leaseback opportunity.

    • 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.
    • Second level has a separate entrance, bar area, private seating, restrooms, and seven private karaoke rooms.
    • Full basement includes a restroom, walk‑in cooler/freezer, office space, and additional storage.
    Updated: Nov 4, 2025
    View details
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 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.

    Savoy, IL Commercial Space
    $1,850,000
    3,365 SF

    Savoy, IL Commercial Space

    Prime commercial space in a thriving Savoy location!

    501 Commerce Drive, Savoy, IL 61874
    View details
    Downtown Champaign Mixed-Use Building
    $1,250,000
    5,865 SF

    Downtown Champaign Mixed-Use Building

    Prime mixed-use property in downtown Champaign with rental income.

    320 N Neil Street, Champaign, IL 61820
    View details
    Savoy Restaurant Opportunity For Sale
    $899,000
    1,200 SF

    Savoy Restaurant Opportunity For Sale

    Turnkey restaurant property in a thriving Central Illinois business district.

    405 South Dunlap Avenue, Savoy, IL 61874
    View details
    Champaign Freestanding Building with Drive-Thru
    $1,125,000
    5,200 SF

    Champaign Freestanding Building with Drive-Thru

    5,200 SF building with drive-thru on 1.52 acres.

    1905 N Neil St, Champaign, IL
    View details

    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.

    Prime Commercial Land in Champaign
    $465,000
    1.89 Acres

    Prime Commercial Land in Champaign

    1.89-acre commercial land in high-visibility Champaign location.

    803 N Mattis Avenue, Champaign, IL 61821
    View details
    Savoy, IL Commercial Development Land
    $450,000
    1.97 Acres

    Savoy, IL Commercial Development Land

    1.97-acre commercial parcel in high-growth Savoy corridor.

    612 CLARENDON Court, Savoy, IL 61874
    View details
    Prime Commercial Lot in Savoy
    $125,000

    Prime Commercial Lot in Savoy

    Last available lot in a thriving Savoy commercial area.

    103 Calvin Street, Savoy, IL 61874
    View details
    Champaign Commercial Land For Sale
    $750,000
    1.92 Acres

    Champaign Commercial Land For Sale

    1.92-acre commercial lot in desirable Champaign location.

    4202 Nicklaus Drive, Champaign, IL 61822
    View details

    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.

    2740 Philo Rd
    Restaurants
    Value Estimation by Request

    2740 Philo Rd, Urbana, IL 61801

    View details

    Urbana, IL Restaurants Investment Opportunities Market Analysis

    Explore 3 restaurants for sale in Urbana, IL on our real estate platform. These investment opportunities span a total of 8,800 square feet of properties for sale, with an estimated market value of $970,000.

    Sale prices for restaurant properties in Urbana, IL start at $970,000, averaging $970,000, and reaching up to $970,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Conventional restaurants 2
    Drive through restaurants 2
    Bars & Pubs 1
    Coffee shops 1

    Property Size Breakdown

    The majority of commercial real estate listings in Urbana fall within the 25,000 to 50,000 square foot range.

    Demographics Overview

    Population 47K
    Population Growth (5Y) -5.1%
    Median Household Income $46,466
    College Educated 55.8%

    High-Yield Neighborhoods for Investment

    Identify Urbana submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    61801 $475K

    Taxes & Financing

    Average Loan-to-Value 65.0%

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