231 N Main Street Urbana, OH $ 300,000
231 N Main Street
$ 300,000
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231 N Main Street

Urbana, OH, 43078
$ 300,000
Bedrooms-- Baths-- Sq 3,572

Monthly Estimate*

$ 1,847

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Commercial Property for sale in Urbana, OH

for $300,000. This 3,572 square foot building was built in 1900 on a lot size of 0.04.

Turn-key, income-producing mixed-use property offering strong cash flow and a solid 9.0% cap rate. This fully leased two-unit building features a street-level commercial storefront paired with a second-floor residential apartment, making it an ideal opportunity for investors seeking stable, diversified income. The commercial space is currently leased at $1,200 per month, while the upper-level apartment generates $1,450 per month, for a total gross annual income of $31,800. With modest operating expenses and an annual NOI of $27,084, this property delivers reliable performance from day one. Both units are occupied under existing leases, providing immediate cash flow and minimizing vacancy risk. The highly visible Main Street location enhances long-term desirability for the commercial tenant while maintaining strong rental demand for the residential unit above. Whether you are expanding your portfolio, seeking a hands-off investment, or targeting a stabilized asset with upside potential, this property represents a compelling opportunity at an attractive price point. Offered at $300,000 — invest with confidence in a fully leased, mixed-use asset with proven returns.

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Commercial Active

Price

$ 300,000

Property Type

Commercial

Taxes

$ 2,336

Style

Lot Size

0.04

Year Built

1900

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

226001559

Features
General
Sewer Public Sewer
Heating Forced Air
Year Built 1900
Stories Count 2
Township Urbana
Property Subtype Mixed Use
Tax Year 2025
Gross Income 31800.0
County Champaign
Net Operating Income 27084.0
Operating Expense 4716.0
Property Type Commercial Sale
Status Active
City Urbana
Lot Size Square Feet 1742.4
Land Lease Y/N N
Tax Annual Amount 2336.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
New Construction None
New Financing Coventional True
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Exterior
Water Source Public
Lot Size Area 0.04
Spa N
Building Area Total 3572.0
Lot Size Acres 0.04
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Baths 0
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Internal Only
Street Number 1 231
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* Excluded Features
List By
John Crain

Listing Agent

Howard Hanna Real Estate Srvcs

Broker

johncrain@howardhanna.com

Email

Affordability Calculator

$2,042
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,847
Monthly Property Taxes
$195
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1421267 Elementary School
1421418 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/16/2026$300,000 Listed Price

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231 N Main Street, Urbana, OH, 43078 is a Commercial Property for sale at $300,000 with 3,572 sqft and a lot size of 0.04. 231 N Main Street was built in 1900. The property's zip code is 43078 which is in Urbana, OH