# 114 S Race, Urbana, IL 61801

> **TL;DR:** commercial, $475,000, built 1900.
> A/C. Est. $2,541/mo. Listed 400 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $475,000 |
| Year Built | 1900 |
| Lot Size | 2,657 sqft (0.06 acres) |
| Stories | 2 |
| Property Type | Commercial (Retail) |
| Status | Active |
| Days on Market | 400 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,402 |
| Estimated Insurance | $139 |
| **Total** | **$2,541** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1900
- 0.06 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 114 S Race, Urbana, IL 61801
- **County:** Champaign

## Listing Agent

- **Name:** Jonah Weisskopf
- **Brokerage:** The Weiner Companies, Ltd.
- **Broker Phone:** (217) 972-8413

## Photos

![114 S Race - Photo 1](http://lh.rdcpix.com/6d49e91ce3a6c3d86b7645475b752884l-f2020880925r.jpg)

---

**MLS#:** 12481559 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/114-s-race-urbana-il-61801-5922cfaae492482796b3fe8249cb2b98)

---

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