1102 W University Ave - Retail FOR SALE


Urbana, IL 61801
$1,280,000 USD
1102 W University Ave, Urbana, IL for Sale
$1,280,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

1102 W University Ave
Urbana, IL 61801


HIGHLIGHTS

  • Located next to student housing
  • Just off campus
  • 20,500 Annual Average Daily Traffic

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,280,000 USD

PRICE/SF

$582 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Hot Wok Building

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,688 SF

ZONING

B3

APN/PARCEL ID

91-21-07-431-005,91-21-07-431-006

ASK ABOUT THIS PROPERTY

Jeremy BrandowColdwell Banker Real Estate GroupMore Info

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Jeremy BrandowColdwell Banker Real Estate GroupMore Info

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