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 4,000 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
Courtesy: Coldwell Banker R.E. Group
217-351-1988
Welcome to a golden opportunity nestled at the bustling Northeast corner of the University of Illinois at Urbana-Champaign. This versatile property, brimming with potential, is an entrepreneur's dream, offering a blank canvas for a thriving retail space, a sleek modern office, or a charming restaurant that could become the new talk of the town. Imagine your business flourishing in the heart of Champaign County, where the air buzzes with the energy of academic excellence and medical innovation, thanks to the nearby prestigious University of Illinois campus and the renowned Carle Hospital. The location of this property is nothing short of strategic, placing your venture at one of the most vibrant and busiest cross sections in the area. Envision your clientele or customers being drawn in by the allure of convenience and the promise of an exceptional experience. Whether they are students seeking a cozy nook to study and sip coffee, professionals in search of a lunch spot that feels like a retreat from the office, or families looking for a delightful dining experience, this property is the perfect backdrop for your vision. The space itself is a chameleon, ready to adapt to your business's unique needs and aesthetic. With its prime location, the foot traffic alone is a valuable asset that can propel your business to new heights. The air here is thick with opportunity, the streets humming with the footsteps of potential patrons whose senses will be captivated by what you create in this space. Don't miss out on this rare chance to plant your flag at the crossroads of commerce and culture in Champaign County. Your entrepreneurial spirit, combined with this property's exceptional location, is a recipe for success that can only be described as a once-in-a-lifetime opportunity.
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.
