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218 W Main Street Urbana, IL $ 1,150,000
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$ 1,150,000 Get more info
218 W Main Street
$ 1,150,000
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Share Save

218 W Main Street

Urbana, IL, 61801
$ 1,150,000
Bedrooms-- Baths-- Sq 7,750

Monthly Estimate*

$ 7,175

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Commercial Property for sale in Urbana, IL

for $1,150,000. This 7,750 square foot building was built on a lot size of 0.116185.

FULLY RENOVATED AND FULLY LEASED! This historic downtown Urbana, Illinois "Stephen's Building" has been fully modernized and redesigned to today's living standards! The first floor offers 2 separate commercial spaces. The larger Westside suite is 2375 Sq. Ft. with an unfinished basement for additional storage space. This suite is currently rented for $2400/mo. The East commercial space is 1500 Sq. Ft. and rented for $1326/mo (discounted has been $2100/mo. Upstairs you will find 4 fully renovated 2 bed/2bath apartments. Each apartment features stainless appliances, hardwood and tile flooring, stacked laundry in each unit. The remodel was able to leave beautiful historic brick walls exposed and other original features. The building features industrial-style exposed HVAC. The residential access to the building is secure. The 4 apartments currently generate over $5869/mo of rental income. The building does not come with parking, however there is a City permit lot directly adjacent.

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Commercial Active

Price

$ 1,150,000

Property Type

Commercial

Taxes

$ 15,604

Style

Barber/Beauty

Lot Size

0.116185

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

12491021
Features
General
Cooling Central Air
Possession Closing Immediate Negotiable
Roof Membrane
Construction Materials Brick
Electric Separate Meters
Tenant Pays Air Conditioning Electricity Heat Sewer
Stories Count 2
Tax Year 2024
Current Use Commercial
Business Type Barber/Beauty
County Champaign
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Commercial
Status Active
Directions Premium Location On Main st. in downtown Urbana directly north of Busey Bank 2-3 blocks to Courthouse
City Urbana
MLS Area Urbana
Lot Size Square Feet 5061
Tax Annual Amount 15604
Additional Parcels Y/N N
Lease Type Gross
Standard Status Active
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Exterior
Building Area Total 7750
Lot Dimensions 48x110X44x116
Frontage Type City Street
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* Excluded Features
List By
Champaign County Realty

Broker

philtccr@aol.com

Email

Affordability Calculator

$8,475
Per Month
85%
15%
0%
Monthly Principal & Interest
$7,175
Monthly Property Taxes
$1,300
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/9/2025$1,150,000 Listed Price

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218 W Main Street, Urbana, IL, 61801 is a Commercial Property for sale at $1,150,000 with 7,750 sqft and a lot size of 0.116185. The property's zip code is 61801 which is in Urbana, IL

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