1 W Main Street Albion, IL $ 269,900
1 W Main Street
$ 269,900
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1 W Main Street

Albion, IL, 62806
$ 269,900
Bedrooms-- Baths3.0 Sq 3,516

Monthly Estimate*

$ 1,704

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Commercial Property for sale in Albion, IL

for $269,900 with 3 full baths. This 3,516 square foot building was built in 1900 on a lot size of 0.04.

Outstanding mixed-use investment opportunity in the heart of downtown Albion! This versatile Main Street property offers a beautifully maintained commercial space on the main level and a stylish upper-level apartment/Airbnb featuring 2-3 bedrooms and 1 full bath. Whether you're looking to establish a retail shop, office, salon, studio, caf, boutique, or continue operating it as a restaurant, this property offers endless possibilities. The commercial level features an open layout with attractive finishes, two half baths, vinyl plank flooring installed in 2023, a tankless water heater added in 2025, and an existing commercial kitchen and equipment that can be utilized or adapted to suit a variety of business needs. Upstairs, you'll find a comfortable and inviting living space with a new washer and dryer included, making it ideal for owner occupancy, long-term rental income, or a successful short-term rental. Separate utility meters provide added flexibility for owners and tenants. Major improvements include a new roof in 2021, replacement windows, and a new downstairs air conditioning system installed in 2025. Situated directly across from the town square, this prime location offers outstanding visibility, convenient on-street parking, and steady pedestrian and vehicle traffic. Whether you're an investor seeking multiple income streams, an entrepreneur looking for the perfect business location, or someone wanting the convenience of a live/work property, this unique opportunity is one you won't want to miss.

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Commercial Active

Price

$ 269,900

Full Bath

3

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 65
Tax Year 2024
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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
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Interior
Flooring Vinyl
Basement/Foundation None
Walls Drywall
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* Excluded Features
List By
Brandon Hodgson

Listing Agent

Dhi Realty Inc

Broker

dhirealty@gmail.com

Email

Affordability Calculator

$2,083
Per Month
82%
18%
0%
Monthly Principal & Interest
$1,704
Monthly Property Taxes
$379
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/6/2026$269,900 -6.12% Price Down
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 $269,900 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