114 South Race Urbana, IL 61801

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 4,040 sqft

Price per Sqft $127

MLS Listing ID 12481559

Year Built 1900

Annual Tax Amount $7,795

Tax Year 2024

Lot Dimensions 23*115.5

Property Sub-Type Retail/Stores

Property Description

Right in the heart of downtown Urbana. 2 story brick building with a first floor restaurant. 2nd floor is currently unfinished. Adjacent building to the South is being developed into a live music opening probably early Fall 2026. Current 1st floor rents are 3500 per month, Tenants pay utilities and all repairs up to 10,000. Low tax assessment. Urbana is on the rise with multiple new businesses opening in the past two years. Perfect for an owner operator or a 'value add' investor who wanted to convert the 2nd floor into a lost.

Location

State IL

County Champaign

Area Urbana

Zoning RTAIL

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores

Listed by Jonah Weisskopf of Weiner Co., Ltd.

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106