114 South Race
Urbana, IL
$475,000
114 South Race
Urbana, IL 61801
$475,000
Reduced $40,000List Price
Studio
Layout
2,300
Sq Ft
$207
/ Sq Ft
About This Property
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 wan...
Property Details
Key Facts
Price reduced
$475,000
−$40,000
Mar 27, 2026
Listed for sale
MLS #MRD12481559
$515,000
Sep 26, 2025
Mortgage Estimate
$3,051
/monthLocation
Explore Urbana
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114 South Race , Urbana, IL 61801
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Listing data is provided in part by Midwest Real Estate Data LLC (MRED). Information is deemed reliable but not guaranteed accurate and should be independently verified. Properties may be listed by brokerages other than Abode Real Estate. © 2026 Midwest Real Estate Data LLC. All rights reserved.
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