1 Main St - Storefront Retail/Residential FOR SALE


Albion, IL 62806
$269,900 USD
618-263-8622
1 Main St, Albion, IL for Sale
$269,900 USD
Storefront Retail/Residential - FOR SALE
1/37
null | Request Cap Rate

1 Main St
Albion, IL 62806


HIGHLIGHTS

  • Prime Downtown Location
  • Mixed-Use Income Potential
  • Major Updates & Move-In Ready Condition

OVERVIEW

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, café, 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.

FOR SALE DETAILS

PRICE

$269,900 USD

PRICE/SF

$77 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1 W Main Street, Albion, IL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,610 SF

ZONING

-

APN/PARCEL ID

10-02-429-014

ASK ABOUT THIS PROPERTY

Brandon HodgsonDHI Realty, IncMore Info
618-263-8622

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Brandon HodgsonDHI Realty, IncMore Info
618-263-8622

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.