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Hot Wok Building 1102 W University Ave 2,200 SF Retail Building Urbana, IL 61801 $1,745,485 CAD ($793.40 CAD/SF)
Investment Highlights
- Located next to student housing
- 20,500 Annual Average Daily Traffic
- Just off campus
Executive Summary
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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,200 SF
Building Class
C
Year Built
1988
Price
$1,745,485 CAD
Price Per SF
$793.40 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
B3 - B3 COMMERCIAL DISTRICT
Parking
26 Spaces (11.82 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Restaurant
- Drive Thru
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $390,143 CAD (2025) | |
| Land Assessment | $260,105 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $130,039 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$260,105 CAD (2025)
Improvements Assessment
$130,039 CAD (2025)
Total Assessment
$390,143 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
Contact
-
Jeremy Brandow -
Coldwell Banker Real Estate Group
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Hot Wok Building | 1102 W University Ave
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