218 W Main St - Office FOR SALE


Urbana, IL 61801
$1,150,000 USD
217-202-1234
218 W Main St, Urbana, IL for Sale
$1,150,000 USD
Office - FOR SALE
1/100
null | 7% Cap Rate

218 W Main St
Urbana, IL 61801


HIGHLIGHTS

  • Fully Renovated & 100% Leased
  • Mixed-Use Income Property
  • Prime Downtown Urbana Location

OVERVIEW

???????????????????? ???????????????? The Stephen’s Building at 218 W Main Street in Downtown Urbana, Illinois, offers a rare opportunity to acquire a fully renovated and fully leased mixed-use property in the heart of downtown. This landmark two-story brick building has been thoughtfully modernized while preserving its historic character, creating a turnkey investment with dependable cash flow and minimal maintenance needs. ???????????????? ???????????????????? ±7,750 SF mixed-use building with two commercial suites and four residential apartments Comprehensive renovation completed in 2013 100% occupancy with a diverse tenant mix Separate utilities and updated mechanical systems Prime Main Street visibility adjacent to the Urbana City permit parking lot Secure residential access and attractive historic finishes Steps from the Champaign County Courthouse, Busey Bank, and downtown dining ???????????????? ???????????????????? Downtown Urbana continues to evolve as a walkable hub of commerce, dining, and community life, supported by ongoing investment and proximity to the University of Illinois. This property is positioned at the center of that growth, benefiting from steady demand and high visibility.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

B4

APN/PARCEL ID

92-21-17-201-001

ASK ABOUT THIS PROPERTY

Phillip TrautmanChampaign County RealtyMore Info
217-202-1234

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Phillip TrautmanChampaign County RealtyMore Info
217-202-1234

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