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    Urbana, IL
    Retail

    Urbana, IL Retail Space for Sale

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    Champaign, IL Savoy, IL East Peoria, IL Philo, IL Saint Joseph, IL Peoria, IL Tolono, IL Thomasboro, IL
    6 properties
    Renovated Downtown Storefront
    Updated: Sep 18, 2025
    Renovated Downtown Storefront

    110 W Main Street, Urbana, IL 61801

    $459,900
    2,280‑square‑foot first floor with hardwood flooring and high ceilings
    5,280‑square‑foot basement provides substantial additional space
    Renovated between 2015‑2017
    South‑facing storefront windows provide abundant natural light
    Retail condominium on W Main Street in downtown Urbana
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    Retail Building in Urbana
    Updated: Mar 27
    Retail Building in Urbana

    1110 S Philo Rd, Urbana, IL 61801

    $965,000
    9,180 sqft 1.17 AC lot
    9,180 SF building on 1.17 acres.
    Located along the Philo Road retail corridor in southeast Urbana.
    Open retail floor plan with 720 SF of back storage.
    Clear ceiling height of 12'6".
    Constructed in 2009.
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    Renovated Storefront Retail Condominium
    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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    See what stands out in Champaign County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    Multi-Tenant Shopping Center
    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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    Mixed-Use Portfolio with Retail Space
    Mixed-Use Portfolio with Retail Space

    211 W Springfield Ave, Urbana, IL 61801

    Contact for pricing

    Multi-building portfolio combines market-rate apartments with retail space.

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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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 6 Active listings in Urbana, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Unit Mixed-Use Building
    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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    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.

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    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

    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
    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 Space Market Trends and Statistics

    Explore 10 retail space for sale in Urbana, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 45,758 square feet of properties for sale, with an estimated market value of $1,884,800.

    Sale prices for retail space in Urbana, IL start at $459,900, averaging $628,266, and reaching up to $965,000 — 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
    Shopping centers 4
    Grocery and convenience stores 2
    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 $459.9K

    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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