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$ 1,150,000
Est. payment /mo
Active
218 W Main ST Urbana, IL 61801
7,750 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,750 sqft
Price per Sqft $148
MLS Listing ID 12491245
Year Built 1900
Annual Tax Amount $15,604
Tax Year 2024
Lot Dimensions 48x110X44x116
Property Sub-Type Mixed Use
Property Description
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.
Location
State IL
County Champaign
Area Urbana
Interior
Cooling Central Air
Flooring Varies
Fireplace N
Exterior
Roof Type Membrane
Building
Dwelling Type Mixed Use
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Phillip Trautman of Champaign County Realty
