218 W Main St

Urbana, IL 61801
  • $1,150,000

    Price
  • 0

    Bed
  • Bath
  • 7,750

    SqFt

About the Listing 95007 - 950816

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.

Listing Highlights for 218 W Main St

Status Active
Days on Site 34
Property Type Business Opportunity
MLS ® 12491021
Year Built
Total Square Footage 7,750
Lot/Acreage 0.12
County Champaign

Interior Details

  • Bedrooms: 0
  • Bathrooms: Full
  • Appliances:
  • Air Cond: Central Air
  • Heating: Forced Air,Gas
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 48x110X44x116
  • Roof: Membrane
  • Others:
  • Sewer:

Financial Details

  • Tax Amount: $15,604
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 922117201001
  • Tax Year: 2024

Payment Calculator

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Listing Location

Questions About..

218 W Main St Urbana, IL 61801

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Originating MLS: mred

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