Eco Friendly
Address
218 W Main Street Urbana, IL
Price
$ 950,000
Property Attributes
  • MLS#11248928
  • TypeCommercial
  • CountyCHAMPAIGN
  • CityUrbana
  • AreaUrbana
  • NeighborhoodDowntown
  • Zip61801
  • StyleCommercial
  • Year Built1900
  • Taxes$ 12372
  • Price$ 950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7750
  • Lot Size5,060 SqFt
Listing Provided Courtesy Of:
Champaign County Realty
Data Source:
Midwest Real Estate Data (MRED)
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 $2300/mo. The East commercial space is 1500 Sq. Ft. and rented for $1200/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 $4800/mo of rental income. The building does not come with parking, however there is a City permit lot directly adjacent.

Price History
10/18/2021 Listed $950,000

General Features

Additional Parcels Y/N No
City Urbana
Construction Materials Brick
Cooling Central Air
County Champaign
Current Use Commercial
Days on Market 58
Directions On Main st. in downtown Urbana.
Electric Separate Meters
Flooring Tile, Wood
Grossincome 100740
Insurance Expense 2917
Lot Size Square Feet 5060
MLS Area Urbana
Property SubType Mixed Use
Property Type Mixed Use
Property Type Commercial Sale
Standard Status Active
Status Active
Stories 2
Street Name Main
Tax Annual Amount 12372.2
Tax Year 2020
Tenant Pays Air Conditioning, Electricity, Heat, Sewer
Total Actual Rent 8570
Total Units 6
Township Cunningham
Trash Expense 1800
Virtual Tour https://virtualtour.illini360.com/218-W-Main-St/idx
Year Built 1900

Interior Features

Street Suffix Street

Exterior Features

Building Area Total 7750
Exterior Brick
Lot Dimensions 116X44X 104 X 48

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 61801

Price
AVG $540K
$950K
Taxes
AVG $23,351
$12,372
Visits
AVG 23
17
Year Built
AVG 1973
1900
Walkscore
AVG 69
93
Data Provided by Walkscore ® not using MLS data

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