www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34451128
34451155

1601 N CUNNINGHAM AVE, URBANA, IL 61802-1202 For Sale

MP
IL 475.212357
Guth & Associates
JG
IL IL 471.020488
Guth & Associates
Listed by Guth & Associates
$1,850,000
1 day on market
Updated 1 day ago

1601 N CUNNINGHAM AVE

Details
APN 912104351027
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 12,000
Net Rentable (SqFt) 12,000
Units 1
Broker Co-Op True
Class B
Year Built 1957
Buildings 1
Stories 2
Acreage 2.760
Zoning B3
Parking Spaces 150 spaces
Parking per 1,000 SqFt 12.50
Investment Type Owner/User
Ground Lease No
Ownership Fee Simple

Prime Restaurant Property - Urbana, IL

Marketing description

1601 N Cunningham Avenue presents a rare opportunity to acquire a ±12,000 SF freestanding restaurant property in one of Urbana's busiest commercial corridors. Purpose-built for restaurant use, the property is fully equipped with extensive kitchen infrastructure, including multiple exhaust hood systems, walk-in coolers and freezer, a beer cooler, outdoor patio seating, and ample on-site parking. Recent improvements, including a new roof (2024), nine newer HVAC units, and three newer furnaces, provide added value and minimize future capital expenditures. Located along Cunningham Avenue with traffic counts exceeding 20,000 vehicles per day, the property offers exceptional visibility and easy access to Interstate 74. This turnkey property is ideally suited for restaurant operators or owner-users seeking a well-maintained property in a high-traffic location.

Investment highlights

  • 6' and 22' commercial exhaust hood systems
  • Two walk-in coolers and one walk-in freezer
  • Dedicated beer cooler
  • Expansive kitchen
  • Outdoor patio seating area
  • New roof installed in 2024
  • Ample on-site parking
  • Zoned B-3 (General Business)
  • Seats 500
  • Convenient access to Interstate 74, the University of Illinois, and Downtown Urbana

Listing Contacts

MP
IL 475.212357
Guth & Associates
JG
IL IL 471.020488
Guth & Associates
Listed by Guth & Associates

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Maggie Pitcher
License
475.212357
Brokerage
Guth & Associates
Title
Real Estate Broker
Name
Jill Guth
License
IL 471.020488
Brokerage
Guth & Associates, LLC
Brokerage Phone
2173552545
Title
Designated Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591