Active
▼ $40,000
Urbana, IL 61801
114 South Race
$475,000
$40,000 below original
214 days on market
$7,795/yr taxes
01About this home
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.
03By the numbers
$475,000
List price
—
Square feet
—
Bedrooms
—
Bathrooms
1900
Year built
—
Lot size
—
Garage spaces
$7,795
Annual taxes
Retail/Stores
Style
214
Days on market
04Features
Cooling
Central Air
05Neighborhood
- Sakura 150 ft
- Tres Nopales 150 ft
- Gallery Art Bar 150 ft
- Siam Terrace 200 ft
- Encanto Restaurant and Bar 200 ft
- Rose Bowl Tavern 200 ft
- World Harvest 750 ft
- Common Ground 950 ft
- H Mart 0.2 mi
- Schnucks 0.3 mi
- Food Center 0.3 mi
- Circle K 0.4 mi
- Patterson Parklet 800 ft
- Leal Park 0.3 mi
- Art in the Park 0.3 mi
- Phillips Recreation Center Playground 0.3 mi
- Webber Street Park 0.5 mi
- Carle Park 0.6 mi
- Elm City Roastery 200 ft
- Strawberry Fields Café 700 ft
- Lazy Daisy Diner & Cafe 900 ft
- Columbia Street Roastery 0.2 mi
- Starbucks 0.2 mi
- 7 Brew Coffee 0.3 mi
POI data via Mapbox · OpenStreetMap contributors
06History
Every event we have for this address, straight from the MLS.
Apr 2, 2026
Price reducedThis listing
$475,000
−$40,000
Sep 26, 2025
Listed for saleThis listing
$515,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello
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08See it for yourself
Stand in the kitchen.
See the light at 4pm.
Photos can only do so much. Pick a time — we'll meet you at the door.
Connect with Ewelina, Anna, or Nadeem — real people on our team, no call centers.
09Similar homes
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Listed by Weiner Co., Ltd. · Jonah Weisskopf · 217-369-2150
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12481559
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12481559