About This Home
This 0-bedroom, 0-bathroom commercial at 114 S Race in Urbana, IL is listed for $475,000. Built in 1900, on a 0.06 acres lot.
Key Features
- Built in 1900
- 0.06 acre lot
- 2 stories
Property Details
Amenities
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.
Monthly Cost Estimate
$2,540/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
114 S Race
Urbana, IL 61801
Property Details
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 114 S Race is listed at $475,000. The estimated monthly payment is $2,541 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.06 acre lot, 2 stories.
This property is listed by Jonah Weisskopf and can be reached at (217) 972-8413.
