Urbana, IL Retail Properties & Spaces for Sale

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Updated: Apr 14

Downtown Grocery Market

306 W Springfield Avenue W, Urbana, IL 61801

$1,250,000

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

$1,250,000

9,800 sqft 0.75 AC lot

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

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See hot listings in Urbana

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

Retail Building in Urbana

1110 S Philo Rd, Urbana, IL 61801

$965,000

9,180 sqft 1.17 AC lot

9,180 SF retail building on 1.17 acres.

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Renovated Storefront Retail Condominium

110 W Main St, Urbana, IL 61801

$459,900

7,303 sqft

Two-level commercial condominium with hardwood floors, high ceilings, and expansive storefront windows.

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Fully Occupied Shopping Center

1502-1508 N Cunningham Ave, Urbana, IL 61802

Contact for pricing

50,361 sqft 6.90 AC lot

Anchored by Harbor Freight Tools and Dollar General, the center sits near the University of Illinois Urbana-Champaign.

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Multi-Tenant Shopping Center

1803-1809 Philo Rd, Urbana, IL 61802

Contact for pricing

25,576 sqft 1.22 AC lot

B-3-zoned retail center with a vacant junior-box space within a multi-tenant configuration.

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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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Fully Leased Shopping Center

1502 N Cunningham Ave, Urbana, IL 61802

$3,483,494

Occupied retail center anchored by Harbor Freight Tools and Dollar General.

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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 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.

Three-Unit Mixed-Use Building

9 E University Ave, Champaign, IL 61820

$499,900

3,797 sqft

Flexible commercial property combining retail, office, loft, studio, and creative-space configurations.

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Downtown Champaign Commercial Space

114 & 120 S Neil St, Champaign, IL 61820

$1,500,000

Prominent commercial space in Downtown Champaign near popular venues.

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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.

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Former Gas Station with Parking

601 N Neil St, Champaign, IL 61820

Contact for pricing

2,367 sqft 0.50 AC lot

Former gas station property featuring a 2,367 SF building on a large lot with ample parking.

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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.

Urbana Land For Sale

402 W Griggs Street, Urbana, IL 61801

$400,000

1.08 AC lot

Commercial land available in Urbana, Illinois.

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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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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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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.

RETAIL STORES (PERSONAL SERVICES)

3604 Cunningham Ave, Urbana, IL 61802-9790

Estimated value:

$315,000

3,522 sqft 1.00 AC lot

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Individual retail properties

1809 Philo Rd, Urbana, IL 61802

Estimated value: by Request

25,576 sqft

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Individual retail properties

110 University Ave, Urbana, IL 61801

Estimated value: by Request

29,595 sqft 4.51 AC lot

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Lifestyle centers

1803-1809 Philo Rd, Urbana, IL 61802

Estimated value: by Request

25,576 sqft 1.22 AC lot

View details

Restaurants

2740 Philo Rd, Urbana, IL 61801

Estimated value: by Request

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RETAIL STORES (PERSONAL SERVICES)

3218 Cunningham Ave, Urbana, IL 61802-9765

Estimated value:

$935,000

28,380 sqft 1.96 AC lot

View details

Urbana, IL Retail Properties & Spaces Market Trends and Statistics

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 114,719 square feet of properties for sale, with an estimated market value of $7,883,394.

Sale prices for stores in Urbana, IL start at $459,900, averaging $1,313,899, and reaching up to $3,483,494 — 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

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	$890K
61802	$3.5M

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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