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    Urbana, IL Retail Properties & Spaces for Sale

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    Champaign, IL Savoy, IL East Peoria, IL Philo, IL Peoria, IL Tolono, IL Saint Joseph, IL Sidney, IL
    14 properties
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    Freestanding Grocery and Convenience Store
    Updated: Apr 14
    Freestanding Grocery and Convenience Store

    306 W Springfield Avenue W, Urbana, IL 61801

    $1,300,000
    0.61 AC lot
    Nearly 10,000 square feet of commercial space
    0.6072‑acre freestanding property in Downtown Urbana
    Expansive refrigeration and generous frozen‑storage areas
    Full bakery, kitchen, and café components
    COMMR zoning with central air cooling
    View details
    Two-Story Brick Restaurant Building
    Updated: Sep 26, 2025
    Two-Story Brick Restaurant Building

    114 S Race, Urbana, IL 61801

    $475,000
    0.06 AC lot
    Two‑story brick building constructed in 1900
    First‑floor restaurant configuration
    Unfinished second floor
    0.061‑acre parcel in downtown Urbana
    RTAIL zoning designation
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    Renovated Downtown Storefront Condominium
    Renovated Downtown Storefront Condominium

    110 W Main Street, Urbana, IL 61801

    $459,900

    Two-level layout pairs a bright retail floor with substantial lower-level space.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    One-Story Retail Laundromat Building
    One-Story Retail Laundromat Building

    402 N Broadway, Urbana, IL 61801

    Contact for pricing
    4,400 sqft

    Single-story brick retail building currently operating as a laundromat, with 2020 roof and gutter improvements.

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    Retail Building in Urbana
    Retail Building in Urbana

    1110 S Philo Rd, Urbana, IL 61801

    Contact for pricing
    9,180 sqft 1.17 AC lot

    9,180 SF retail building on 1.17 acres.

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    Renovated Mixed-Use Building with Retail
    Renovated Mixed-Use Building with Retail

    218 W Main Street, Urbana, IL 61801

    $995,000
    7,750 sqft

    Historic Stephen's Building offers two leased ground-floor retail spaces and four fully renovated apartments.

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    Remodeled Bar & Karaoke Venue
    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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    Freestanding Grocery and Cafe Building
    Freestanding Grocery and Cafe Building

    306 W Springfield Avenue W, Urbana, IL 61801

    $1,300,000

    Free-standing building with bakery, kitchen, refrigeration, and cafe space, currently operating as a food market.

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    Downtown Urbana Retail Condominium
    Downtown Urbana Retail Condominium

    110 W Main St, Urbana, IL 61801

    Contact for pricing
    6,200 sqft

    Prime retail condominium in downtown Urbana with renovated space.

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    Ground-Leased CVS Pharmacy
    Ground-Leased CVS Pharmacy

    1818 Philo Road, Urbana, IL 61802

    Contact for pricing
    0.90 AC lot

    Ground lease CVS pharmacy on a 0.9-acre lot with drive-through and multiple access points at a road intersection.

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    Flex Building with Warehouse Space
    Flex Building with Warehouse Space

    1208 N Cunningham Ave, Urbana, IL 61802

    Contact for pricing

    Flex building on 1.37 acres offers retail showroom, office space, heated warehouse/storage, and fully HVAC service area.

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    Grocery-Anchored Shopping Center
    Grocery-Anchored Shopping Center

    1813 S Philo Rd, Urbana, IL 61802

    Contact for pricing

    Grocery-anchored center with an outlot, inline retail, and two vacant suites, including dock-height and overhead receiving doors.

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    Renovated Mixed-Use Building
    Renovated Mixed-Use Building

    218 W Main Street, Urbana, IL 61801

    Contact for pricing

    Historic property combines two commercial suites with four renovated two-bedroom apartments and secure residential entry.

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    Vacant Retail Building Near I-74
    Vacant Retail Building Near I-74

    1605 N Cunningham Ave, Urbana, IL

    Contact for pricing
    3,699 sqft 0.64 AC lot

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

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    Based on your search, we've compiled 28 Potential Opportunities for your consideration. Besides 14 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
    Downtown Champaign Commercial Space
    Downtown Champaign Commercial Space

    114 & 120 S Neil St, Champaign, IL 61820

    $1,500,000

    Prominent commercial space in Downtown Champaign near popular venues.

    View details
    Historic Downtown Mixed-Use Building
    Historic Downtown Mixed-Use Building

    41 E. University Avenue, Champaign, IL 61820

    $3,850,000
    0.29 AC lot

    Standalone property combining office, retail, and residential space with paved off-street parking.

    View details
    Downtown Mixed-Use Building
    Downtown Mixed-Use Building

    110-120 N Neil St, Champaign, IL 61820

    Contact for pricing

    Mixed-use property with commercial businesses, residential lofts, and an adjacent patio/courtyard lot.

    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

    $400,000
    1.08 AC lot

    Commercial land available in Urbana, Illinois.

    View details
    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.

    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.

    3604 Cunningham Ave
    RETAIL STORES (PERSONAL SERVICES)

    3604 Cunningham Ave, Urbana, IL 61802-9790

    $315,000
    Estimated value
    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 20 retail properties & spaces for sale in Urbana, IL, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 40,029 square feet of properties for sale, with an estimated market value of $4,529,900.

    Sale prices for stores in Urbana, IL start at $459,900, averaging $905,980, 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

    Storefront properties 7
    Grocery and convenience stores 4
    Shopping centers 3
    Automotive properties 1
    Drug stores 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
    61801 $960K

    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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