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Steven VanStone

steve@realestateofohio.com +1(614) 214-1979

$399,900

Est. payment - /mo

4,769 SqFt

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,769 sqft

Price per Sqft $83

MLS Listing ID 226016326

Year Built 1900

Annual Tax Amount $3,021

Lot Size 1,742 Sqft

Lot Dimensions 0.04

Property Sub-Type Mixed Use

Source Columbus and Central Ohio Regional MLS

Property Description

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.

Location

State OH

County Champaign

Area 0.04

Rooms

Other Rooms None

Dining Room No

Interior

Heating Forced Air

Equipment No

Laundry No Laundry Rooms

Others

Tax ID K48-25-00-01-16-020-00

Acceptable Financing Conventional

Listing Terms Conventional

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Listed by V. Patrick Hamilton REMAX Alliance Realty

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Steven VanStone

+1(614) 214-1979

Managing Partner + REALTOR License ID: 2020005493

23 Monument Square Urbana, OH 43078

Steven VanStone

Key Details

Location

Rooms

Interior

Others