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Listed by Jeremy Brandowof Coldwell Banker R.E. Group
$1,250,000
Est. payment /mo
2,200 SqFt
Active Under Contract
1102 W University AVE Urbana, IL 61801
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Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $568
MLS Listing ID 12550545
Annual Tax Amount $27,890
Tax Year 2024
Lot Dimensions 134.62 x 132
Property Sub-Type Bus / Bus w/Real Est
Property Description
Prime commercial opportunity located just one block from the University of Illinois, surrounded by newly developed student housing and continued area growth. Situated along a major thoroughfare with approximately 20,500 Annual Average Daily Traffic, this property offers exceptional visibility and exposure in a high-demand corridor. The former restaurant has closed, but all kitchen equipment and dining room fixtures are included, providing a true turnkey opportunity for a new owner. The space allows flexibility to continue operating under the existing business name or to rebrand with a new concept. Well-suited for a restaurant, cafe, or fast-casual concept, the property offers both drive-through and dine-in capabilities, making it an ideal fit for serving the strong student population and surrounding retail traffic.
Location
State IL
County Champaign
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Structure Type Wood
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