Active

$399,900

23 Monument Square
Urbana, OH 43078

0
Baths: 0.04
Acres

About this home

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...

List price: $399,900
Original list price: $399,900
Days on market: 178 days
Annual property taxes: $3,021 / year
Year built: 1900

MLS # 20260511133403883549000000 · Listed by V. Patrick Hamilton · REMAX Alliance Realty · Listed May 11, 2026 · Updated Jul 29, 2026

Property details

Listing overviewMLS-approved public listing fields

MLS number: 226016326
Status: Active
List price: $399,900
Original list price: $399,900
List date: May 11, 2026
Property type: Commercial
Property subtype: Mixed Use
County: Champaign
Township: Urbana
Parcel number: K48-25-00-01-16-020-00

TaxesMLS-approved public listing fields

Annual property tax: $3,021
Tax year: 2,025

Rooms and interiorMLS-approved public listing fields

Bathrooms: 0
Finished area: 4,769 sq ft

Exterior and lotMLS-approved public listing fields

Lot size: 0.04

Listing and showing informationMLS-approved public listing fields

Listing office: REMAX Alliance Realty
Listing agent: V. Patrick Hamilton
Public remarks: 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.

Provider and sourceMLS, status, agent, brokerage, and dates

MLS number: 20260511133403883549000000
Status: Active
MLS: Columbus and Central Ohio Regional MLS
Listing office: REMAX Alliance Realty
Listing agent: V. Patrick Hamilton
List date: May 11, 2026

Location & neighborhood

Named schools are not available from the reviewed sources for this listing.

Data details

District attendance-area locator

District: Urbana City School District

MLS-reported school names are not guaranteed attendance assignments. Independently verify every school and attendance assignment with the district.

How this home fits the Urbana market

Payment estimate

Estimated monthly housing cost

Home price$Down payment%Loan termInterest rate%Property taxes / year · MLS$Home insurance / year · Estimated$HOA/COA fees / month · Not provided$

Estimated monthly payment

$2,441

Estimated loan amount: $319,920

Principal & interest: $2,022
Property taxes: $252
Home insurance: $167
HOA/COA fees: Not included

“Not included” means no reliable source value was available. Enter a confirmed amount for a fuller estimate.

Planning estimate only—not a loan offer, official Loan Estimate, or insurance quote. Confirm actual costs with your lender and other providers.

Estimate details

Insurance starts at a planning estimate of 0.5% of the home price per year. Items shown as “Not included” are excluded from the total. The estimate does not include closing costs, utilities, maintenance, special assessments, or every lender and escrow charge; mortgage insurance may also apply based on the loan.

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+16143525645

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About this home

List price: $399,900
Original list price: $399,900
Days on market: 178 days
Annual property taxes: $3,021 / year
Year built: 1900

MLS # 20260511133403883549000000 · Listed by V. Patrick Hamilton · REMAX Alliance Realty · Listed May 11, 2026 · Updated Jul 29, 2026

Property details

Listing overviewMLS-approved public listing fields

MLS number: 226016326
Status: Active
List price: $399,900
Original list price: $399,900
List date: May 11, 2026
Property type: Commercial
Property subtype: Mixed Use
County: Champaign
Township: Urbana
Parcel number: K48-25-00-01-16-020-00

TaxesMLS-approved public listing fields

Annual property tax: $3,021
Tax year: 2,025

Rooms and interiorMLS-approved public listing fields

Bathrooms: 0
Finished area: 4,769 sq ft

Exterior and lotMLS-approved public listing fields

Lot size: 0.04

Listing and showing informationMLS-approved public listing fields

Listing office: REMAX Alliance Realty
Listing agent: V. Patrick Hamilton
Public remarks: 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.

Provider and sourceMLS, status, agent, brokerage, and dates

MLS number: 20260511133403883549000000
Status: Active
MLS: Columbus and Central Ohio Regional MLS
Listing office: REMAX Alliance Realty
Listing agent: V. Patrick Hamilton
List date: May 11, 2026

Location & neighborhood

Named schools are not available from the reviewed sources for this listing.

Data details

District attendance-area locator

District: Urbana City School District

MLS-reported school names are not guaranteed attendance assignments. Independently verify every school and attendance assignment with the district.

How this home fits the Urbana market

Payment estimate

Estimated monthly housing cost

Home price$Down payment%Loan termInterest rate%Property taxes / year · MLS$Home insurance / year · Estimated$HOA/COA fees / month · Not provided$

Estimated monthly payment

$2,441

Estimated loan amount: $319,920

Principal & interest: $2,022
Property taxes: $252
Home insurance: $167
HOA/COA fees: Not included

“Not included” means no reliable source value was available. Enter a confirmed amount for a fuller estimate.

Planning estimate only—not a loan offer, official Loan Estimate, or insurance quote. Confirm actual costs with your lender and other providers.

Estimate details