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114 South Race St, Urbana, IL 61801
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$515,000
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Home Details for 114 South Race St
Price
$515,000
Type
Commercial/Industrial
Year Build
1900
County
Champaign
Tax
$7,795.4
MLS®️ Listing#
12481559
On exitrealty.com
122 days
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.
- Cooling Information
- Central Air
Listing Courtesy: Weiner Co., Ltd.
Based on information submitted to the MLS GRID as of 2025-12-16 13:49:16. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.Last Updated: 2025-12-16 13:49:16
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$515,000
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EXIT REAL ESTATE SPECIALISTS
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