Urbana, IL Commercial Real Estate

Search commercial property for lease or for sale and view the Market Overview section below for local stats and insights.

35 Listings

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$500,000
501 E University Ave
501 E University Ave, Urbana, IL
Property Type
Other
4,500 SF
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$970,000
214 W. Main St.
214 W Main St, Urbana, IL
Property Type
Retail
8,800 SF
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$550,000
201 N Broadway Ave
201 N Broadway Ave, Urbana, IL
Property Type
Other
Built in 1899

2,458 SF
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$1,125.00/MO
312 W Springfield
312 W Springfield Ave, Urbana, IL
Space Type
Office
1 space

906 SF
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1 of 1
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Meijer | In-Store Retail Space

2500 Philo Road, Urbana, IL
Space Type
Retail
1 space

694 SF
1 of 1
$11.00 - $12.00/SF/YR
805 E Perkins Rd
805 E Perkins Rd, Urbana, IL
Space Type
Industrial
1 space

16,975 SF
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$12.00/SF/MO
5 Points
510 N Cunningham Ave, Urbana, IL
Space Type
Retail
2 spaces

1,500 - 2,240 SF
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$295,000
VALUE-ADD URBANA OFFICE FOR SALE
1405 E Florida Ave, Urbana, IL
Property Type
Office
3,451 SF
1 of 1
$785,000
Retail/Office Lot for Sale or BTS
2002 E Windsor Rd, Urbana, IL
Property Type
VacantLand
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$500,000
1002 W University Ave
1002 W University Ave, Urbana, IL
Property Type
Retail
Built in 1960

2,800 SF
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5 of 5
$12.00/SF/YR
110 E University Ave
110 E University Ave, Urbana, IL
Space Type
Retail
1 space

1,440 SF
1 of 1
$1,800,000
302 S Cedar St
302 S Cedar St, Urbana, IL
Property Type
Multi-Family
4,000 SF
1 of 1
$195,000
Land for Sale in East Urbana Commercial District
1806 Philo Rd, Urbana, IL
Property Type
VacantLand
1 of 1
$250,000
310 W Green St
310 W Green St, Urbana, IL
Property Type
Other
Built in 1949

1,172 SF
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2 of 3

3 of 3
$1,152,375
DOWNTOWN URBANA OFFICE FOR SALE
508 S Broadway Ave, Urbana, IL
Property Type
Office
9,251 SF
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$500,000
CONTRACTOR SPECIAL APARTMENT REDEVELOPMENT
61801, Urbana, IL
Property Type
Multi-Family
3,100 SF
1 of 1
$200,000
404 W Busey Ave.
404 W Busey Ave., Urbana, IL
Property Type
Other
1,700 SF
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$12.50 - $14.50/SF/YR
1717 Philo Rd
1717 Philo Rd, Urbana, IL
Space Type
Retail
1 space

4 SF
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4 of 4
Price on request

Element on Main | 118 Units with Value Add Upside | 0.7 Miles to University of Illinois Urbana-Champaign

502 W Main St, Urbana, IL
Property Type
Other
Built in 1962

78,000 SF
1 of 1
$1,200,000
805 E Perkins
805 E Perkins Rd, Urbana, IL
Property Type
Industrial
16,975 SF
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$11.00/SF/YR
S Philo Rd
S Philo Rd, Urbana, IL
Space Type
Retail
1 space

12,000 SF
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4 of 4
$2,000.00 - $3,000.00/MO
Office with Storage Space
1309, 1503 & 1405 E Kerr, Urbana, IL
Space Type
Office
3 spaces

2,000 - 304,920 SF
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$1,500,000
306 W Springfield Ave
306 W Springfield Ave, Urbana, IL
Property Type
Retail
Built in 1980

9,800 SF
1 of 1
$1,200,000
308 W Green St
308 W Green St, Urbana, IL
Property Type
Multi-Family
3,000 SF
1 of 1
$1,350,000
705 W Main St
705 W Main St, Urbana, IL
Property Type
Multi-Family
4,000 SF
1 of 1
$650,000
209 N Coler Ave
209 N Coler Ave, Urbana, IL
Property Type
Multi-Family
3,000 SF
1 of 1
$950,000
704 W Stoughton St
704 W Stoughton St, Urbana, IL
Property Type
Multi-Family
2,500 SF
$6,500,000
Former Manufacturing/Production Facility
1505 E Main St, Urbana, IL
Property Type
Industrial
Built in 1957

269,000 SF
Price on request

Blain's Outlots

2701 N. Cunningham Avenue, Urbana, IL
Space Type
Land
5 spaces

44,866 - 51,400 SF
$1,250,000
26.93 ACRES AT AIRPORT ROAD, VANCE ROAD, AND CUNNINGHAM AVE, URBANA
N Cunningham Ave, Urbana, IL
Property Type
VacantLand
$3.75/SF/YR
1505 E Main St
1505 E Main St, Urbana, IL
Space Type
Industrial
1 space

269,000 SF
Price on request

Collider Cowork
123 West Main Street
123 West Main Street #220, Urbana, IL
Space Type
Meeting Rooms
Price on request

Urbana Crossing

114 N Vine St, Urbana, IL
Space Type
Retail
5 spaces

1,320 - 3,000 SF
$185,000
1304 S. Vine Lot for Sale
1304 S Vine St, Urbana, IL
Property Type
VacantLand
Price on request

Northgate Plaza - Urbana, IL

1506 N Cunningham Ave, Urbana, IL
Space Type
Retail
1 space

8,450 SF

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The Urbana, IL Commercial Real Estate Market at a Glance

The commercial real estate market in Urbana, IL includes commercial property of all types. To put it in numbers, there are 863,321 square feet of commercial space in 29 commercial properties across the city. If you are not familiar with commercial real estate in Urbana, IL, below are a few essential aspects to consider in order to better understand the local market.

Commercial Space for Rent Opportunities in Urbana, IL

You can search 18 commercial real estate space listing(s) currently available for rent in Urbana, IL, which represents a total of 863,321 square feet. Leasing opportunities here include 3 office listing(s), 2 industrial and warehouse listing(s), 8 retail space listing(s), and more. Use the search filters at the top of the page and the interactive map to see location-specific advantages when looking for your next commercial space for lease in Urbana, IL. You can conveniently reach out for more in-depth information using the contact form available on each listing.

Urbana, IL Commercial Real Estate Listings for Rent

Property type No. of Listings Total Sq. Ft. Avg. Asking Rent

Office 3 3,200 N/A

Retail 10 180,906 N/A

Industrial 5 269,000 N/A

Other 1 238,270 N/A

Looking to lease a particular type of commercial property? Visit our dedicated pages for office space for rent, retail spaces for lease, or warehouses for rent to view current listings and access more in-depth market stats.

What to Consider When Renting Commercial Real Estate in Urbana, IL

If you are somewhat new to this process, a good place to start would be our quick guide to the differences between commercial property types, and some essential terms to know. Once you get the general idea of what a certain kind of space can offer you, it is essential to clarify what to prioritize among your business needs relating to the workspace you need to occupy and the location where you need it to be.

Not all decision factors can be clear-cut search filters and property categories, so the next step after doing a listing search for the type of property you need should be to reach out to the real estate brokers, as they are best positioned to fill in the blanks and help you secure the best commercial space lease for your needs.

Commercial Real Estate for Sale in Urbana, IL

Those who are better served by owning instead of renting commercial property can also find options for sale here. Investment opportunities currently listed on the local market add up to a total of 18 commercial property for sale listing(s).

Depending on aspects such as location, market particularities, and property potential, office space can be transformed and adapted to accommodate a great variety of tenant businesses and institutions. Options of commercial real estate for sale in Urbana include 2 office building for sale listing(s).

If your investment strategy is focused on warehousing, logistics, or similar property types, you’ll find 2 industrial real estate for sale listing(s) currently marketed in Urbana.

Interested in retail property investment? The local market currently offers 3 retail space for sale listing(s), complete with essential listing details, property data, and broker contact information.

Urbana, IL Commercial Real Estate Listings for Sale

Property type No. of Listings Total Sq. Ft.

Office 2 3,200

Retail 3 180,906

Industrial 2 269,000

Other 11 328,228

Shopping for a certain type of commercial property? Visit our dedicated pages for office property for sale, retail space for sale, or industrial real estate for sale to see what local investment opportunities are currently listed.

Buying Commercial Property in Urbana, IL

When acquiring commercial property, you are likely to take into consideration some of the same factors that go into choosing a space to rent: location, size, configuration, the condition of the property, and costs. However, some aspects might be more relevant to consider when looking to buy property, such as: the zoning and what property improvements or transformations it allows; how flexible the property is in terms of repositioning or adaptive reuse improvements (some configurations lend themselves to transformation more easily than others); and what equity potential the investment might have.

Additionally, it is highly recommended that you enlist the expertise of professionals who are knowledgeable not only in the complexities of property acquisitions, but also in the untapped investment potential in their local markets.

Where You Are Most Likely to Find Commercial Space in Urbana, IL

The best areas of the market may vary depending on the type of commercial real estate you are interested in, either for rent or for sale. For instance, while office properties and retail space are often located relatively close to each other, some industrial real estate tends to be zoned separately.

Find Commercial Real Estate Near Me

Whether you are looking to rent or to buy, you can easily find the right commercial space in your preferred location, with PropertyShark. Our interactive map navigation modes include the possibility to bring up listings in the area of your current map view, as well as the option to draw a polygon to determine an exact search area, and a radius tool with which you can search for listings around a particular point of interest. Reach out to property representatives to schedule a tour or request more information, using the quick contact tool available with each listing search result.