Courtesy: eXp Realty-Mahomet
217-239-7113
1306 Silver Street presents a fully renovated, value-add multifamily opportunity in the heart of Urbana, Illinois. The 12,086 square foot property features a highly desirable unit mix dominated by spacious 2BR/1BA apartments, a format that continues to experience strong and consistent demand throughout the Champaign-Urbana rental market. The building has undergone a complete rehabilitation, significantly reducing near- and long-term capital expenditure risk. Improvements include a new roof, all new windows and exterior doors, new furnaces and air conditioning units, freshly tuckpointed brick exterior, and fully renovated kitchens and bathrooms throughout. All units feature new appliances, creating a modern, move-in-ready offering for tenants. Current rents remain below market, providing immediate upside through rent stabilization while still delivering solid in-place cash flow from day one. At the asking price, the property supports an advertised pro forma cap rate near 8.0 rate, with additional NOI growth achievable as rents are brought to market levels. This offering is well-suited for both first-time multifamily investors and experienced operators seeking a turnkey asset with strong fundamentals, limited deferred maintenance, and clear income growth potential in a stable, institutionally supported market.
Courtesy: GUTH & ASSOCIATES,LLC
217-355-2545
Unique Downtown Urbana Mixed Use - Redevelopment Opportunity. Pleased to offer this well-located property on Race Street, currently home to Analog Wine Bar. The two-building, one- and two-story brick structure totals approximately 5,561 SF and sits on a .61 acre lot (effective usable site area of approximately 21,000 SF), with on-site parking for 25 vehicles and abundant nearby public parking. Constructed circa 1900 and thoughtfully updated, the property features a remodeled first floor with refinished concrete floors, high ceilings, updated mechanicals, electrical, plumbing, and a membrane roof. The ground level includes a coffee/wine bar, lounge, kitchen/prep area, event space, offices, restrooms, and access to a rear deck for outdoor use. The second floor (1,445 SF) is currently configured as office space and is well-suited for future residential or creative reuse with renovation. The property is zoned B-4 (Central Business), allowing for a wide range of high-density commercial uses including restaurant, retail, tavern, office, and upper-story residential. Directly adjacent and north of the property is multiple parcels owned by the City of Urbana and recently the buildings were demolished to make way for a large scale redevelopment project. The City of Urbana will be releasing a developer request for proposal in late spring 2026. 129 Race could be included in a developer project to increase the magnitude of a project. Property Highlights: Analog Wine Bar lease in place; tenant pays utilities and maintenance. Second-floor tenant on a month-to-month lease . Strong downtown location with excellent visibility and access. Functional mixed-use layout consistent with highest and best use. Opportunity to be purchased to enhance a redevelopment project to the north. This offering presents a compelling opportunity for an investor or owner-user seeking a stabilized asset with upside potential in a central business district setting. Building Size: 5,561 SF (4,116 SF first floor; 1,445 SF second floor). Site Size: 26,406 SF total (21,000 SF usable). Construction: Circa 1900 brick building; one- and two-story. Zoning: B-4 - Central Business District. Current Use: Mixed-use (restaurant / wine bar, office, flex space). Income & Tenancy: Analog Wine Bar lease in place ; tenant pays utilities & maintenance. Second-floor tenant month-to-month . Building Features: Recently remodeled first floor with refinished concrete floors. Updated mechanicals, electrical, and plumbing. Gas-fired forced air HVAC with central A/C (both floors). Membrane roof. Rear deck and exterior access for event or outdoor use. Parking & Access 42 on-site parking spaces (some leased to neighboring tenants; ~25 usable). Abundant nearby public parking. Location & Use Potential: Strong Race Street frontage with high visibility. Suitable for restaurant, retail, tavern, office, or mixed-use. Upper floor adaptable for office or residential conversion (with renovation).
Courtesy: LIVE Real Estate Group
217-515-5483
EXCITING SITE OPPORTUNITY FOR SALE . Rare investment or redevelopment opportunity in a historic neighborhood setting. This former church property sits on over an acre of centrally located land and includes two buildings with ample on-site parking. The location offers exceptional accessibility, just minutes from the University of Illinois, Carle Hospital, shopping, restaurants, and easy access to the interstate. With its generous lot size and versatile layout, the property offers endless possibilities for adaptive reuse, redevelopment, or long-term investment.
Courtesy: Trautman Real Estate Agency & Appraisal LLC
217-888-8585
Position your organization in one of Champaign County's most recognizable institutional facilities. The Brookens Administrative Center is a large-scale, multi-tenant office campus offering approximately 93,000 SF in an adaptable layout originally designed for institutional use and later remodeled for administrative operations. Situated on an expansive ~20-acre site, the property provides the scale, presence, and flexibility that's increasingly hard to find in the Urbana-Champaign market. Historically home to a mix of county departments and community-serving agencies, the building is well-suited for users seeking a centralized headquarters, education/training operations, healthcare or human-services administration, or a multi-tenant office conversion. With ongoing governmental space shifts in the market, this is a compelling opportunity for an owner-user or investor to reimagine a landmark campus with strong community familiarity and operational infrastructure already proven in real-world use.
Courtesy: Taylor Realty Associates
217-586-4906
Discover an exceptional investment opportunity with this well-maintained 5-unit property in a prime Champaign location just minutes from the University of Illinois campus. The building features four spacious 2-bedroom, 1-bath units plus a larger 3-bedroom, 2-bath unit, offering strong rental appeal for students and professionals alike. Residents enjoy the convenience of on-site laundry located in the basement, as well as dedicated on-site parking-an increasingly rare amenity near campus. With its desirable location, reliable rental demand, and practical updates, this property is an ideal addition to any investor's portfolio.
Courtesy: RE/MAX REALTY ASSOCIATES-CHA
217-352-5700
Fantasic mulit-family investment!! 212 W High features 5 one bedroom / 1 bath units with 4 spots of covered parking and additional space for 5th tenant and guests! Coin-operated laundry in basement. Corner lot with lots of green space and wrap around front porch. Building is fully leased through July 2026 - tenants pay for their electric, owner covers heat, water, garbage, lawncare and sewer. Basement unit has new flooring throughout and recently painted.
Courtesy: KELLER WILLIAMS-TREC
217-356-6100
Opportunity awaits with this unique commercial property located just north of town in Urbana, offering convenient access to the interstate! Previously used as a woodshop, this versatile building is now available due to the owner's retirement-making it an excellent opportunity to continue as a woodshop or customize the space to suit your business needs. The building offers over 3,000 square feet of space, including a large workshop area, an office, two additional rooms, and a bathroom.
Courtesy: Champaign County Realty
217-352-1234
FULLY RENOVATED AND FULLY LEASED! This historic downtown Urbana, Illinois "Stephen's Building" has been fully modernized and redesigned to today's living standards! The first floor offers 2 separate commercial spaces. The larger Westside suite is 2375 Sq. Ft. with an unfinished basement for additional storage space. This suite is currently rented for $2400/mo. The East commercial space is 1500 Sq. Ft. and rented for $1326/mo (discounted has been $2100/mo.) Upstairs you will find 4 fully renovated 2 bed/2bath apartments. Each apartment features stainless appliances, hardwood and tile flooring, stacked laundry in each unit. The remodel was able to leave beautiful historic brick walls exposed and other original features. The building features industrial-style exposed HVAC. The residential access to the building is secure. The 4 apartments currently generate over $5869/mo of rental income. The building does not come with parking, however there is a City permit lot directly adjacent.
Courtesy: KELLER WILLIAMS-TREC
217-356-6100
Expand your rental portfolio with 202 S Grove, a fully leased 5-unit building near downtown Urbana. Each unit is a one-bedroom, one-bath with its own kitchen. Three units were recently remodeled, and the other two have long-term tenants. Tenants pay individually metered electric and gas, while water, sewer, and heat are covered by a monthly utility credit. The seller has completed more than $60,000 in capital improvements, including a new high-efficiency hot water radiant heat boiler, a new roof, exterior painting, and full remodels of three units. Located on a large corner lot with R-4 zoning, the property delivers immediate income and offers strong potential for future development or continued value-add work.
Courtesy: Weiner Co., Ltd.
217-384-8001
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.
Courtesy: KELLER WILLIAMS-TREC
217-356-6100
Location, Location, Location! Prime downtown Urbana retail condominium for sale! Amazing space that was renovated to the 9s between 2015-2017. The space includes a first floor with 2,280 square feet and a basement with 5,280 square feet. The first floor has hardwood floors and high ceilings with abundant Southern store front windows letting in natural light. The space could be setup for many different business uses in Downtown Urbana's B4 zoning including retail, office, medical/dentist office, restaurant, art studio, spa, grocery, dry cleaning, fitness center and many more businesses!
Courtesy: GUTH & ASSOCIATES,LLC
217-355-2545
Presenting an outstanding commercial opportunity in Urbana's B3 General Business District-this offering includes two contiguous parcels totaling 37,806 SF. The main building at 1209 E Colorado Ave is a well-maintained 4,312 SF office structure, currently configured for dental use but ideal for medical, professional, or general office tenants. The adjacent vacant lot at 1207 E Colorado Ave provides excess land for future expansion, additional parking, or redevelopment potential. This is a turn-key investment with stable cash flow and upside potential via future lease-up or redevelopment of the adjacent parcel. Ideal for investors, owner-users, or medical professionals seeking a visible and accessible location in Urbana. Property Highlights: Two Parcels: - Tract 1 (1209 E Colorado): Improved with 4,312 SF office building - Tract 2 (1207 E Colorado): Vacant lot to the north Built for single or multi-tenant use Shared amenities: 2 break rooms, 4 restrooms, lab, sterilization area Suite 101 (2,262 SF) currently leased through 3/31/2029 at $15/SF NNN 5-year term with 5-year renewal option Tenant pays half of shared utilities North entrance with shared waiting area 27 surface parking spaces Concrete block construction with brick exterior Asphalt shingle roof (replaced ~7 years ago) Partial basement (1,440 SF, unfinished; mechanicals & storage) Interior Layout: East Wing: Break room, 2 restrooms, lab, private office West Wing: Break room, 2 restrooms, office, sterilization area South Wing: Open operatory area with 2 built-in sinks, 5 semi-private operatories with sinks
Urbana is located in Illinois. Urbana, Illinois has a population of 39,189. Urbana is less family-centric than the surrounding county with 22.59% of the households containing married families with children. The county average for households married with children is 30.63%.
The median household income in Urbana, Illinois is $37,701. The median household income for the surrounding county is $56,939 compared to the national median of $69,021. The median age of people living in Urbana is 25.2 years.
The average high temperature in July is 84.4 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 40.8 inches per year, with 20.7 inches of snow per year.
