1 W Main Street Albion, IL ^$ 287,500

1 W Main Street

^$ 287,500

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Recently Listed

1 W Main Street

Albion, IL, 62806

^$ 287,500

Bedrooms-- Baths3.0 Sq 3,516

Monthly Estimate*

^$ 1,770

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Commercial Property for sale in Albion, IL

for $287,500 with 3 full baths. This 3,516 square foot building was built in 1900 on a lot size of 0.04.

Great investment opportunity in the heart of downtown Albion! This mixed-use property features a beautifully maintained restaurant space on the main level and a stylish upper-level Airbnb/apartment offering 2-3 bedrooms and 1 full bath. Both levels have been nicely updated and are move-in ready. The restaurant includes seating, equipment, 2 half baths, vinyl plank flooring installed in 2023, and a tankless water heater added in 2025. Upstairs features a comfortable and inviting living space with new washer and dryer included. Separate meters provide added flexibility for owners and tenants. Major updates include roof replacement in 2021, downstairs AC in 2025, and replacement windows. Excellent Main Street location directly across from the town square with convenient on-street parking and strong visibility for business traffic. Great opportunity for an owner/operator, investor, or someone looking for a live/work setup.

Commercial Active

Price

^$ 287,500

Full Bath

Property Type

Commercial

Taxes

^$ 4,543

Style

Restaurant/Bar

Lot Size

0.04

Year Built

1900

Town/City

Albion

County/Region

Edwards

MLS | Web ID

202619007

Features

General

Heating Conventional

Cooling Central Air

Ceiling Height 9ft

Roof Shingle

Parking Yes Paved Public Street

Sewer City

# of Buildings 1

Status Active Active

Bathrooms 3

Year Built 1900

New Construction No

Subdivision None

Stories Count 2

Township Other

Class COMMERCIAL

Type Restaurant/Bar

Age 126

Special Features Living Space

REO No

Status Detail 0

Area Edwards County (IL)

City Albion

Legal Description AL-2 Q S T R L001 B00Q P200 ORIG PLAT N80' OF E21 1/2' LOT 1

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202619007

Agent First Name Brandon

Agent Last Name Hodgson

DOM 1

Tax Year 2024

Exterior

Road Access City

Exterior Brick

Number of Parking Spaces 7

Lot Size Area 1742

Lot Dimensions 21ft x 82ft

Parking Type Street

Waterfront Y/N No

Interior

Flooring Vinyl

Basement/Foundation None

Walls Drywall

* Excluded Features

List By

Brandon Hodgson

Listing Agent

Dhi Realty Inc

Broker

dhirealty@gmail.com

Affordability Calculator

$2,149

Per Month

Monthly Principal & Interest: $1,770
Monthly Property Taxes: $379
Monthly Home Insurance: --

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Interest Rate

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Yearly 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

Trends
Schools

Commerical listings in Albion, IL

Average List Price ^$287,500

Percent of Sale Price 0%

About Albion, IL

1,541 Population

-26% Since 2002

^$42,847 Median Income

42.47 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1237469 Elementary School

1237627 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/19/2026	$287,500		Listed Price

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1 W Main Street, Albion, IL, 62806 is a Commercial Property for sale at $287,500 with 3,516 sqft and a lot size of 0.04. 1 W Main Street has 3.0 baths and was built in 1900. The property's zip code is 62806 which is in Albion, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of the Indiana Regional Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Indiana Regional Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/23/2026.

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1 W Main Street

Commercial Property for sale in Albion, IL

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