This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/34
$399,900 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/34
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.
Full Property Details
Full Property Details for 23 Monument Sq
General
- Price: $399,900
- Taxes: $3,037 (2025)
- Status: Active
- Type: Commercial
- Source: Columbus_N_Greater_Ohio
- MLS ID: 226016326
- Updated: 5/11/2026
- Added to Site: 2 day(s) ago
Location
- County: Champaign
- Township: Urbana
- Cross Streets: S Main St
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Water Available, Storm Sewer, Sewer Available, Natural Gas Available, Electricity Available
Structural Information
- Stories/Levels: 3
- Square Feet: 4,769
- Minimum Avail: 4,769 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,742.4
Financial Considerations
- Price Per Sq. Ft.: $83.85
- Tax Amount: $3,037
- Tax Year: 2025
- Terms: Conventional
Disclosures and Reports
- Property ID: K48-25-00-01-16-020-00
Listed by REMAX Alliance Realty (937) 652-1100, V. Patrick Hamilton (937) 652-1100
Get Pre-Approved Today
Schools
Schools serving 23 Monument Sq
School District:Urbana City School District
| Name | Grades | Distance |
|---|---|---|
East Elementary School, Urbana, OH 1673 U.S. 68, Urbana, OH 43078 | PK-5 | 1.4 mi |
Urbana Junior High School 1673 U.S. 68, Urbana, OH 43078 | 6-8 | 1.4 mi |
Urbana High School 500 Washington Avenue, Urbana, OH 43078 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 23 Monument Sq
Date
Details
Price
Change
Source
5/11/2026
Listed
$399,900
73.87%
MLS
8/30/2024
Sold
$230,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 23 Monument Sq
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,036
—
$57,500
31%
2024
$3,036
21%
$43,760
18%
2023
$2,509
—
$36,930
—
2022
$2,507
-2%
$36,930
—
2021
$2,553
—
$36,930
—
2020
$2,544
3%
$36,930
—
2019
$2,468
91%
$36,930
104%
2018
$1,291
-1%
$18,090
—
2017
$1,307
25%
$18,090
26%
2016
$1,045
-1%
$14,310
—
2015
$1,053
—
$14,310
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 23 Monument Sq
23 Monument Square, Urbana, OH 43078 (MLS# 226016326) is a Commercial property. 23 Monument Square is currently listed for $399,900 and was received on May 11, 2026. Want to learn more about 23 Monument Square? Do you have questions about finding other Commercial real estate for sale in Urbana? You can browse all Urbana real estate or contact a Coldwell Banker agent to request more information.

