Back to search
1102 W University Avenue Urbana, IL $ 1,380,000
Share Save
$ 1,380,000 Get more info
1102 W University Avenue
$ 1,380,000
Back to search
Recently Listed
Share Save

1102 W University Avenue

Urbana, IL, 61801
$ 1,380,000
Bedrooms-- Baths-- Sq 2,200

Monthly Estimate*

$ 8,497

1102 W University Avenue, Urbana, IL 61801 - Image 1
1102 W University Avenue, Urbana, IL 61801 - Image 2
1102 W University Avenue, Urbana, IL 61801 - Image 3
1102 W University Avenue, Urbana, IL 61801 - Image 4
1102 W University Avenue, Urbana, IL 61801 - Image 5
1102 W University Avenue, Urbana, IL 61801 - Image 6
1102 W University Avenue, Urbana, IL 61801 - Image 7
1102 W University Avenue, Urbana, IL 61801 - Image 8
1102 W University Avenue, Urbana, IL 61801 - Image 9
1102 W University Avenue, Urbana, IL 61801 - Image 10
1102 W University Avenue, Urbana, IL 61801 - Image 11
1102 W University Avenue, Urbana, IL 61801 - Image 12
1102 W University Avenue, Urbana, IL 61801 - Image 13
1102 W University Avenue, Urbana, IL 61801 - Image 14
1102 W University Avenue, Urbana, IL 61801 - Image 15

Commercial Property for sale in Urbana, IL

for $1,380,000. This 2,200 square foot building was built on a lot size of 0.407943.

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.

See more
Commercial Active

Price

$ 1,380,000

Property Type

Commercial

Taxes

$ 27,890

Style

Food & Beverage,Restaurant

Lot Size

0.407943

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

12550545
Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Construction Materials Wood
Stories Count 1
Tax Year 2024
Business Type Food & Beverage Restaurant
Business Name Hot Wok
County Champaign
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Commercial Retail Special Use
Status New
Directions Lincoln St West on University Ave between Lincoln and Goodwin.
City Urbana
MLS Area Urbana
Lot Size Square Feet 17770
Tax Annual Amount 27890.36
Additional Parcels Y/N Y
Standard Status Active
See more
Exterior
Building Area Total 2200
Lot Dimensions 134.62 x 132
Waterfront Y/N N
See more
* Excluded Features
List By
Coldwell Banker R.E. Group

Broker

jbrandow@coldwellhomes.com

Email

Affordability Calculator

$10,821
Per Month
79%
21%
0%
Monthly Principal & Interest
$8,497
Monthly Property Taxes
$2,324
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/20/2026$1,380,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

1102 W University Avenue, Urbana, IL, 61801 is a Commercial Property for sale at $1,380,000 with 2,200 sqft and a lot size of 0.407943. The property's zip code is 61801 which is in Urbana, IL

Get more info