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    Urbana, IL
    Retail

    Urbana, IL Retail Properties & Spaces for Sale

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    Champaign, IL Savoy, IL Philo, IL
    8 properties
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    Vacant Retail Building Near I-74
    Updated: Apr 12, 2022
    Vacant Retail Building Near I-74

    1605 N Cunningham Ave, Urbana, IL

    $350,000
    3,699 sqft · 0.64 AC lot
    Excellent floor plan suitable for many retail users.
    Plenty of onsite parking.
    Convenient access to the University of Illinois, Carle, and OSF hospitals.
    Located in the center of the block across from 45, ideal for retail.
    Close proximity to I‑74.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    1605 N Cunningham Ave, Urbana, IL

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    • Est. Cap Rate

      8.9%
      Above avg (5.9%)

    • Est. NOI

      $31K
      Annual

    • Mortgage

      $2.54M
      Recorded

    • Last Sold

      May 2008
      $1.18M
    View Property Analytics
    Urbana Commercial Property For Sale
    Updated: Apr 14
    Urbana Commercial Property For Sale

    306 W Springfield Avenue W, Urbana, IL 61801

    $1,300,000
    10,000 sqft · 0.61 AC lot
    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.
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    Remodeled Bar & Karaoke Venue
    Remodeled Bar & Karaoke Venue

    214 W Main St, Urbana, IL

    $970,000
    8,800 sqft · 0.11 AC lot

    Turnkey bar and karaoke venue with leaseback opportunity.

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    Downtown Urbana Commercial Building
    Downtown Urbana Commercial Building

    114 S Race, Urbana, IL 61801

    $475,000
    0.06 AC lot

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

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Urbana Redevelopment Opportunity For Sale
    Urbana Redevelopment Opportunity For Sale

    2702-2708 N Cunningham Ave, Urbana, IL 61802

    $600,000
    2 sqft

    Redevelopment opportunity on a hard corner in Urbana, Illinois.

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    Retail Building in Urbana
    Retail Building in Urbana

    1110 S Philo Rd, Urbana, IL 61801

    $965,000
    9,180 sqft

    9,180 SF retail building on 1.17 acres.

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    Downtown Urbana Retail Condominium
    Downtown Urbana Retail Condominium

    110 W Main St, Urbana, IL 61801

    $459,900
    6,200 sqft

    Prime retail condominium in downtown Urbana with renovated space.

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    Urbana Commercial Lot For Sale
    Urbana Commercial Lot For Sale

    2601 S High Cross Rd, Urbana, IL 61802

    $750,000
    6.53 AC lot

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

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    Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 8 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.

    Champaign Retail Opportunity
    Champaign Retail Opportunity

    606 S 6th Street, Champaign, IL 61820

    $1,700,000
    0.09 AC lot

    Retail space for sale in Champaign, Illinois.

    View details
    Multi-Tenant Building on University Avenue
    Multi-Tenant Building on University Avenue

    505-517 E University Ave, Champaign, IL

    $3,000,000
    1,400 sqft · 0.80 AC lot

    Multi-tenant building with high visibility and ample parking.

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    Historic Mixed-Use Building with Parking
    Historic Mixed-Use Building with Parking

    41 E. University Avenue, Champaign, IL 61820

    $3,850,000
    0.29 AC lot

    1913 mixed-use building with off-street parking and large windows designed for natural light.

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    Historic Mixed-Use Building in Champaign
    Historic Mixed-Use Building in Champaign

    41 E. University Avenue, Champaign, IL 61820

    $3,850,000
    22,052 sqft

    Historic building with retail, residential, and office space.

    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.

    Urbana Land For Sale
    Urbana Land For Sale

    402 W Griggs Street, Urbana, IL 61801

    $599,000
    1.08 AC lot

    Commercial land available in Urbana, Illinois.

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    Prime Land Near University
    Prime Land Near University

    1301 N Lincoln Avenue, Urbana, IL 61801

    $1,200,000
    3.12 AC lot

    3.12-acre parcel near the University of Illinois.

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    Champaign Commercial Land For Sale
    Champaign Commercial Land For Sale

    6 Convenience Center Road, Champaign, IL 61820

    Contact for pricing

    Commercial land available for sale in Champaign, Illinois.

    View details
    Prime Commercial Land in Champaign
    Prime Commercial Land in Champaign

    803 N Mattis Avenue, Champaign, IL 61821

    $465,000
    1.89 AC lot

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

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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.

    3604 Cunningham Ave
    RETAIL STORES (PERSONAL SERVICES)

    3604 Cunningham Ave, Urbana, IL 61802-9790

    Value Estimation by Request
    3,522 sqft · 1.00 AC lot
    View details
    1809 Philo Rd
    Individual retail properties

    1809 Philo Rd, Urbana, IL 61802

    Value Estimation by Request
    25,576 sqft
    View details
    110 University Ave
    Individual retail properties

    110 University Ave, Urbana, IL 61801

    Value Estimation by Request
    29,595 sqft · 4.51 AC lot
    View details
    1803-1809 Philo Rd
    Lifestyle centers

    1803-1809 Philo Rd, Urbana, IL 61802

    Value Estimation by Request
    25,576 sqft · 1.22 AC lot
    View details
    2740 Philo Rd
    Restaurants

    2740 Philo Rd, Urbana, IL 61801

    Value Estimation by Request
    View details
    3218 Cunningham Ave
    RETAIL STORES (PERSONAL SERVICES)

    3218 Cunningham Ave, Urbana, IL 61802-9765

    $935,000
    Estimated value
    28,380 sqft · 1.96 AC lot
    View details

    Urbana, IL Retail Properties & Spaces Market Trends and Statistics

    Explore 14 retail properties & spaces for sale in Urbana, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 37,881 square feet of properties for sale, with an estimated market value of $4,644,900.

    Sale prices for stores in Urbana, IL start at $350,000, averaging $774,150, 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Automotive properties 4
    Gas stations 3
    Grocery and convenience stores 2
    Drug stores 1
    Shopping centers 1

    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 average listing prices of real estate assets

    Neighborhood Average Price
    61802 $675K
    61801 $800K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Champaign County

    New Delisted

    Property Size Breakdown

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

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