114 South Race, Urbana, IL 61801
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Mario Bilotas

Mario Bilotas

+1(847) 910-5022
$ 475,000
Est. payment /mo
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114 South Race Urbana, IL 61801

4,040 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 4,040 sqft

Price per Sqft $117

MLS Listing ID 12481559

Year Built 1900

Annual Tax Amount $7,795

Tax Year 2024

Lot Dimensions 23*115.5

Property Sub-Type Retail/Stores

Property 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

State IL

County Champaign

Area Urbana

Zoning RTAIL

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jonah Weisskopf of  Weiner Co., Ltd. 

Nearby School & Business

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MY BLOGS

feature image of Vacant Land Scams are REAL
Vacant Land Scams are REAL
About 6 months ago, I received an email from (let’s call him) Charlie. A “nothing out of the ordinary” email from a common (and mildly validating) charlie…..@hotmail stating: “I have owned the lot for many years, but a couple of years ago I moved from Illinois to California, and I would like to sell
feature image of THE FRONT PORCH SWING
THE FRONT PORCH SWING
Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slow
feature image of less is more, unless, it’s for less.
less is more, unless, it’s for less.
I hated looking for matching socks. Every day, my job required me to remove shoes at nearly every doorstep, and matching my socks was a daily frustration. Each day, I’d get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds
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Mario Bilotas

Contact Us

Phone

+1(847) 910-5022

Address

205 W. Miner Street, Arlington Heights, IL 60005, USA

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