1 Main St - Storefront Retail/Residential FOR SALE


Albion, IL 62806
$287,500 USD
618-263-8622
1 Main St, Albion, IL for Sale
$287,500 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

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.

FOR SALE DETAILS

PRICE

$287,500 USD

PRICE/SF

$82 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.