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29349271
29349272

1102 W University Ave, Urbana, IL 61801

JB
IL IL 475142156
Coldwell Banker Real Estate Champaign
Listed by Coldwell Banker Real Estate Champaign
$1,280,000
132 days on market
Updated 58 days ago
Opportunity zone

Hot Wok Express

Details
APN 912107431005
Property Type Hospitality, Mixed Use (+1)
Sub Type Restaurant
Square Footage 2,200
Net Rentable (SqFt) 2,200
Units 1
Tenancy Vacant
Price per SqFt $582
Broker Co-Op Yes
Buildings 1
Stories 1
Acreage 0.410
Zoning B-3
Parking Spaces 26 spaces
Parking Per SqFt 11.82
Investment Type Owner/User
Occupancy Date 02/20/2026
Ownership Trust

Prime Location - High Visibility and Traffic Counts

Marketing description

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.

Investment highlights

  • Located near student housing

  • Just off campus

  • High Traffic Count

  • Prior Business name and All Business Equipment included

Listing Contacts

JB
IL IL 475142156
Coldwell Banker Real Estate Champaign
Listed by Coldwell Banker Real Estate Champaign

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Additional Information

Name
Jeremy Brandow
License
IL 475142156
Brokerage Address
1608 Broadmoor Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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