Property Description

Positioned in the heart of downtown Urbana IL, this former restaurant property at 201 N Broadway Ave presents a rare opportunity to establish a high-visibility food and beverage concept in one of Central Illinois' most active commercial corridors. Located just minutes from the University of Illinois Urbana-Champaign campus, the site benefits from consistent foot traffic driven by students, faculty, and year-round community activity. The property features an existing restaurant layout, offering the opportunity to step into a fully built-out, character-rich space with proven community appeal. Featuring tall ceilings and an inviting, energetic atmosphere, the efficient space provides seating for approximately 55 guests across a mix of built-in booths, tables, and bar seating. A standout focal point is the art deco back bar and mahogany bartop, creating a warm and inviting guest experience. The front patio allows for additional seating for 16 in the warmer months. This restaurant has benefited from numerous recent upgrades, reducing immediate capital needs and making it truly turnkey for the next operator. Included in the offering is a 15-space parking lot directly across the street, a valuable amenity in a downtown setting. Surrounded by a mix of local retailers, entertainment venues, and residential density, this location is ideal for a wide range of concepts including fast casual, full-service dining, cafe, or specialty food use. With strong visibility along Broadway Avenue, with close proximity to key downtown anchors this is a prime opportunity to capitalize on Urbana's growing food scene and vibrant local economy. This property is within Urbana's TIF and Enterprise Zone districts.

Property Features