About this property
An exciting opportunity awaits with the sale of 23 Monument Square, a downtown Urbana building that offers nearly 4,800 square feet across three floors plus a full basement. The building provides outstanding flexibility for future growth and additional income opportunities. The second floor is currently leased ($700 per month) to a business but could easily be converted into an owner-occupied apartment or additional rental space. The third floor presents a blank canvas ready for expansion, private events, office space, or the next owner's creative vision. Included with the sale is Abuela's Kitchen, a well-established Latin American restaurant and bar that has become a favorite gathering place within the community. This turnkey business offers the chance to step into a successful operation with an established customer base, strong local reputation and a welcoming atmosphere that keeps guests coming back time and time again. The dining space is designed to accommodate everything from casual dinners to larger celebrations, creating an atmosphere that feels both warm and memorable. The building is fully equipped with a spacious commercial kitchen, prep areas, dining furnishings, décor, equipment, inventory, and operational essentials, making the transition seamless for a new owner. Additional income opportunities are available through the established carryout and catering operations. Included in the sale are D5L and D6 liquor licenses, allowing continued bar service and entertainment potential. With excellent visibility, this opportunity offers a rare chance to own a downtown Urbana building with an established restaurant and unlimited potential for future success. Continue to run an already successful business or with everything already in place, make it your own by starting an entirely new restaurant.
Key facts
- Status
- Active
- Type
- Mixed Use
- Days on market
- 160
- Property taxes
- about $3,021/yr
- County
- Champaign
- MLS #
- 226016326
- Listing brokerage
- REMAX Alliance Realty
- Listing agent
- V. Patrick Hamilton
- Listing brokerage contact
- 937-652-1100
Lot and parking
- Lot size
- 0.04 acres
- Lot square feet
- 1,742
Systems and utilities
- Heating
- Forced Air
- Utilities
- Water Available, Storm Sewer, Sewer Available, Natural Gas Available, Electricity Available
- Sewer
- Public Sewer
- Water
- Public
Taxes and HOA
- Property taxes
- about $3,021 a year
- Tax year
- 2025
- Parcel number
- K48-25-00-01-16-020-00
- Township
- Urbana
Sale terms
- Financing accepted
- Conventional
Around it
ZIP 43078: 24 homes for sale. Champaign County: 45 homes for sale · county sold data. Town: everything for sale in Urbana · Urbana sold prices and days on market.
Is it priced right?
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Everything for sale in Urbana · what Urbana homes actually sold for
Shown here through the MLS IDX program by Blacktree Realty. Listing information is provided by the Columbus and Central Ohio Regional MLS through the Internet Data Exchange program and is deemed reliable but not guaranteed. Listings held by brokerages other than Blacktree Realty are identified with the listing brokerage's name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated Oct 19, 2026, 6:13 PM.