Urbana IL Real Estate & Commercial for Sale

111-121 W Park St is a multifamily investment opportunity that offers 21 units within 2 buildings. The breakdown includes (11) 2 bedroom units (1) 1 bedroom unit and (9) studios. The property is currently fully leased for the 2024-25 lease term and only has one vacant studio apartment for the upcoming 2025-26 lease term. This property boasts a strong rental history and has been meticulously managed long-term. The strong rental history combined with value add opportunity make this a great property to add to an investor's portfolio. This property also boasts a prime location being across the street from Crystal Lake Park that has had major improvements in recent years, a growing retail hub just to the east at Five-Points and surrounding areas, and great proximity to Carle Foundation Hospital and the University of Illinois Campus.

Opportunity awaits with this unique commercial property in Urbana! This versatile building was previously used as a woodshop and is now available due to the owner's retirement, presenting an ideal opportunity for another woodshop or convert the space to fit your needs. Inside the woodshop there is over 3,000 square feet including workshop space with an office, two additional rooms, and a bathroom. Available to be sold with the equipment, or it can be removed before closing.

Located at the corner of Bradley and Coler, this well-maintained, 1,600 SF building sits on 0.26 acres in unincorporated Champaign County. Boasting an open-concept layout and a single-story design, this property offers a versatile space ideal for a variety of business needs. Key Features: - 1,600 SF of move-in ready space - Approximately 44 years old with a 15-year-old roof - Open concept with a well-maintained interior - One overhead door providing access to a small garage space - One bathroom - Attractive landscaping featuring a stunning prairie landscape bed in the front - Parking lot located on the east side of the building - Situated across from Busey Woods Nature Preserve, offering a peaceful and natural setting - Quick access to Interstate 74 via Lincoln Avenue (approximately 1 mile to interchange) This property provides a unique opportunity for businesses seeking a tranquil yet accessible location. With its move-in readiness and proximity to the Busey Woods Nature Preserve, it offers a serene environment while maintaining excellent connectivity to major routes.

This 12-unit building is ideally located near the intersection of Silver Street and Fletcher Avenue in Urbana, Illinois, consisting of 1-bedroom, 1-bath apartments (approx. 525sq. ft.). Tenants enjoy convenient access to downtown Urbana, the University of Illinois campus, and nearby transit. The buildings are professionally managed and offer consistent occupancy and stable cash flow, with strong market rent potential.

This 12-unit building is ideally located near the intersection of Silver Street and Fletcher Avenue in Urbana, Illinois, consisting of 1-bedroom, 1-bath apartments (approx. 525sq. ft.). Tenants enjoy convenient access to downtown Urbana, the University of Illinois campus, and nearby transit. The buildings are professionally managed and offer consistent occupancy and stable cash flow, with strong market rent potential.

This 12-unit building is ideally located near the intersection of Silver Street and Fletcher Avenue in Urbana, Illinois, consisting of 2-bedroom, 1-bath apartments (approx. 720 sq. ft.). Tenants enjoy convenient access to downtown Urbana, the University of Illinois campus, and nearby transit. The buildings are professionally managed and offer consistent occupancy and stable cash flow, with strong market rent potential.

This 12-unit building is ideally located near the intersection of Silver Street and Fletcher Avenue in Urbana, Illinois, consisting of 2-bedroom, 1-bath apartments (approx. 720 sq. ft.). Tenants enjoy convenient access to downtown Urbana, the University of Illinois campus, and nearby transit. The buildings are professionally managed and offer consistent occupancy and stable cash flow, with strong market rent potential.

This 24-unit building is ideally located near the intersection of Silver Street and Fletcher Avenue in Urbana, Illinois, consisting of 2-bedroom, 1-bath apartments (approx. 720 sq. ft.). Tenants enjoy convenient access to downtown Urbana, the University of Illinois campus, and nearby transit. The buildings are professionally managed and offer consistent occupancy and stable cash flow, with strong market rent potential.

This 24-unit apartment building in Urbana, Illinois, offers a rare and highly sought-after opportunity for investors seeking a true value-add project. All units are currently vacant and in need of renovation, presenting significant upside through capital improvements and repositioning. Each unit is a 1-bedroom, 1-bath layout similar to stabilized properties nearby, with market rents ranging from 850 dollars per month after rehab. The property is located near the intersection of Silver Street and Philo Road - a central Urbana neighborhood with strong rental demand from students, professionals, and Section 8 tenants. Whether you're a seasoned investor or new to multifamily repositioning, this asset is ideal for increasing long-term equity and generating strong returns in a proven rental market.

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.

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 2025 - tenants pay for their electric. Basement unit has new flooring throughout and recently painted.

Welcome to the iconic 306 Springfield Ave, a landmark building nestled in the vibrant heart of Urbana, IL. This remarkable property, once the cherished home of Strawberry Fields/World Harvest Foods, has been a cornerstone of the community for over three decades, offering a unique blend of history and opportunity. As you approach this free-standing edifice, you'll be captivated by its commanding presence on a generous plot of over 3/4 of an acre of prime General Commercial land. The location is unparalleled, situated in the bustling downtown area and mere blocks from the prestigious University of Illinois campus, ensuring a constant flow of potential patrons and high visibility. Step inside and immerse yourself in a modern and updated facility that spans close to 10,000 square feet of versatile space. The air hums with potential, inviting you to envision your business thriving within these walls. The expansive refrigeration space, complete with freezers and shelving fixtures, stands ready to accommodate your inventory needs, while the aroma of freshly baked goods could once again waft from the full bakery and kitchen. Imagine the laughter and chatter of customers as they enjoy the offerings of the fully equipped spacious cafe, a space that presents an additional opportunity for your own venture or to host a tenant's business. The ambiance is ripe for creating a community hub where memories are made and traditions are born. This key-in ready gem is more than just a building; it's a canvas for your entrepreneurial dreams. Whether you see a bustling single business or a dynamic strip mall with multiple tenants, the possibilities are as vast as your vision. The listed price opens the door to this incredible structure, with the option to infuse it with the lifeblood of commerce by purchasing the fixtures and equipment for an additional $200,000. This is more than a transaction; it's an invitation to be part of Urbana's legacy and future. Don't let this rare opportunity slip through your fingers. Call to book your private showing appointment today and take the first step towards making 306 Springfield Ave the home of your business aspirations.

Apartment building with exquisite Character just 1 block from Lincoln Ave and 6 blocks North of Florida. Fantastic location and space. Vintage classic appeal from the Hardwood Doors, Floors, Trim and so much more. 4 expansive 2 bedroom units, 1 very bright -2 bedroom garden unit and a 1 studio unit. Washer, Dryer in basement for students to use. Great off street parking area for each unit that includes Bike Rack for students. Secondary exterior back staircase with connecting attic storage for owner or possible future development. These apartments are in great shape with good tenant history, always full each year.

The space consists of seven offices, a large reception/lobby area, a record vault, a kitchenette, and separate men' s and women' s three-piece restrooms facilities. The space is accessed via elevator service from the main lobby and two stairwells. Multiple atriums provide natural light throughout the space. Large balcony space off of one office. Ample parking is available on site. Additional on-street parking is available. This property is eligible for TIF incentives from the City of Urbana. The space is located at 507 S. Broadway, Urbana, within easy walking distance of Lincoln Square Mall, the City of Urbana offices, the Champaign County Courthouse, the Federal Courthouse and downtown Urbana. Highway access is readily available via Vine Street/Cunningham Avenue to I-74. Aggressive zoning. Prime B-3 and B-4 zoning. Great location for future developments for a growing downtown Urbana. Owner financing is available with 25% downpayment at 6% with a 5 year Balloon.

Here is your opportunity to obtain a newer commercial building, providing almost 2500 square feet of space, sitting on a conveniently located, highly visible location in the Urbana Schnucks Parking Lot. This building offers three drive-through bays with motorized 10 foot overhead doors, full basement with oil change/service access stations, waste oil heater included, that has been updated to a "Metered" System. The front office has central heating and air conditioning for your comfort, along with a customer restroom. The shop is heated and includes an office, bathroom and utility room for employee convenience. There is also a single bay automatic car wash system with in-floor radiant heated floor and reverse osmosis system, all for providing a higher level of service to your customers. Schedule your tour today and let your entrepreneurial imagination run wild.