Urbana, IL Retail Properties & Spaces for Sale

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Champaign, IL Savoy, IL Philo, IL

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$1,300,000

0.61 Acres

Urbana Commercial Property For Sale

306 W Springfield Avenue W, Urbana, IL 61801

Prime commercial property in Urbana, Illinois, ideal for various ventures.

Prime general commercial land location in the heart of Downtown Urbana, minutes from the University of Illinois Urbana‑Champaign.
Significant price reduction from $2.5 million to $1.3 million, including the business name, fixtures, and inventory.
Large, free‑standing property with nearly 10,000 square feet of modern, thoughtfully designed space on over three‑quarters of an acre.
Fully equipped facility with expansive refrigeration, generous frozen storage, a full bakery and kitchen, and a cafe.
Versatile space suitable for continuing its legacy as a market, reimagining it as a new concept, or transforming it into a multi‑tenant space.

Updated: Apr 14

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$459,900

7,560 SF

Downtown Urbana Retail Condominium

110 W Main Street, Urbana, IL 61801

Prime retail condominium in downtown Urbana with renovated space.

Prime downtown Urbana location
Versatile B4 zoning allows for diverse business uses (retail, office, restaurant, etc.)
Renovated between 2015‑2017
2,280 sq ft first floor with 5,280 sq ft basement
First floor features hardwood floors and high ceilings

Updated: Sep 18, 2025

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$475,000

0.06 Acres

Downtown Urbana Commercial Building

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

114 S Race, Urbana, IL 61801

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$970,000

8,800 SF

Remodeled Bar & Karaoke Venue

Turnkey bar and karaoke venue with leaseback opportunity.

214 W Main St, Urbana, IL

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$459,900

6,200 SF

Downtown Urbana Retail Condominium

Prime retail condominium in downtown Urbana with renovated space.

110 W Main St, Urbana, IL 61801

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$600,000

Urbana Redevelopment Opportunity For Sale

Redevelopment opportunity on a hard corner in Urbana, Illinois.

2702-2708 N Cunningham Ave, Urbana, IL 61802

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$965,000

9,180 SF

Retail Building in Urbana

9,180 SF retail building on 1.17 acres.

1110 S Philo Rd, Urbana, IL 61801

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Contact for pricing

1,043 SF

New Dutch Bros Drive-Thru

Brand new Dutch Bros with drive-thru near University of Illinois.

809 W Green St, Urbana, IL 61801

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$350,000

3,699 SF

Vacant Retail Building Near I-74

Vacant retail building with parking, close to I-74.

1605 N Cunningham Ave, Urbana, IL

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$750,000

6.53 Acres

Urbana Commercial Lot For Sale

6.53-acre commercial lot at Windsor & High Cross Road.

2601 S High Cross Rd, Urbana, IL 61802

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Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 10 Active listings in Urbana, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 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.

$1,700,000

0.09 Acres

Champaign Retail Opportunity

Retail space for sale in Champaign, Illinois.

606 S 6th Street, Champaign, IL 61820

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Multi-Tenant Building on University Avenue

$3,000,000

1,400 SF

Multi-Tenant Building on University Avenue

Multi-tenant building with high visibility and ample parking.

505-517 E University Ave, Champaign, IL

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Historic Downtown Champaign Mixed-Use Building

$3,850,000

0.29 Acres

Historic Downtown Champaign Mixed-Use Building

Landmark building with retail, residential, and office space.

41 E. University Avenue, Champaign, IL 61820

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Historic Mixed-Use Building in Champaign

$3,850,000

22,052 SF

Historic Mixed-Use Building in Champaign

Historic building with retail, residential, and office space.

41 E. University Avenue, Champaign, IL 61820

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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.

$599,000

1.08 Acres

Urbana Land For Sale

Commercial land available in Urbana, Illinois.

402 W Griggs Street, Urbana, IL 61801

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$1,200,000

3.12 Acres

Prime Land Near University

3.12-acre parcel near the University of Illinois.

1301 N Lincoln Avenue, Urbana, IL 61801

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Contact for pricing

Champaign Commercial Land For Sale

Commercial land available for sale in Champaign, Illinois.

6 Convenience Center Road, Champaign, IL 61820

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$465,000

1.89 Acres

Prime Commercial Land in Champaign

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

RETAIL STORES (PERSONAL SERVICES) • 28,380 SF

Value Estimation

$935,000

3218 Cunningham Ave, Urbana, IL 61802-9765

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Urbana, IL Retail Properties & Spaces Investment Opportunities Market Analysis

Explore 16 retail properties & spaces for sale in Urbana, IL, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 35,441 square feet of properties for sale, with an estimated market value of $3,804,800.

Sale prices for stores in Urbana, IL start at $350,000, averaging $634,133, 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

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 Strategic 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	$732K
61802	$1.2M

Taxes & Financing

Average Loan-to-Value 65.0%

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Urbana, IL Retail Properties & Spaces for Sale

Urbana Commercial Property For Sale

Prime commercial property in Urbana, Illinois, ideal for various ventures.

Downtown Urbana Retail Condominium

Prime retail condominium in downtown Urbana with renovated space.

Downtown Urbana Commercial Building

Remodeled Bar & Karaoke Venue

Downtown Urbana Retail Condominium

Urbana Redevelopment Opportunity For Sale

Retail Building in Urbana

New Dutch Bros Drive-Thru

Vacant Retail Building Near I-74

Urbana Commercial Lot For Sale

Opportunities in Nearby Cities

Champaign Retail Opportunity

Multi-Tenant Building on University Avenue

Historic Downtown Champaign Mixed-Use Building

Historic Mixed-Use Building in Champaign

Potential Development Sites for Consideration

Urbana Land For Sale

Prime Land Near University

Champaign Commercial Land For Sale

Prime Commercial Land in Champaign

Off-Market Properties in Urbana, IL

3604 Cunningham Ave

1809 Philo Rd

110 University Ave

1803-1809 Philo Rd

2740 Philo Rd

3218 Cunningham Ave

Urbana, IL Retail Properties & Spaces Investment Opportunities Market Analysis

Top Commercial Asset Segments

Property Size Breakdown

Demographics Overview

High-Yield Neighborhoods for Strategic Investment

Taxes & Financing

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