Skip To Content

218 W Main Street

Urbana, IL 61801
  • $950,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 11248928
UPDATED: 30 min ago
$950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

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.

Monthly Payment Calculator



© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-08T14:01:07.347 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.homesearchil.com/homes/122533333
Print Image

218 W Main Street Urbana, IL 61801

  • Price: $950,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 30 min ago
  • MLS #: 11248928
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Urbana
County:
Champaign
Area:
Urbana
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.
Exterior Features

Exterior Building Type Brick Parking Total 0

Interior Features

Cooling Central Air Fireplaces Total 0 Flooring TileWood Heat Ventilation Forced AirGas Miscellaneous Inside Inside Corridor/SMulti-TenantSkylight/SBasement Number Of Dishwashers 4 Number Of Dryers 4 Number Of Ranges 4 Number Of Washers 4

Property Features

Additional Parcels YN No Approximate Age New Rehab Building Area Total 7750 Built Before1978 YN Yes Current Use Commercial Electric Separate Meters Fire Protection Sprinklers-WetSprinklersCarbon Monoxide Detector(S) Geographic Locale Central Illinois Gross Income 102840 Gross Scheduled Income 102840 Insurance Expense 2917 Number Of Tenants 6 Ownership Types General Partnership Property Sub Type Mixed Use Rental Price 13.5 Tax Annual Amount 12372.2 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatSewer Total Monthly Income 8570 Township Cunningham Type Mixed Use

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Champaign County Realty.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-08T14:01:07.347 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11248928-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11248928-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11248928-1.jpg
Logo
Littlefield Group | Keller Williams Realty
2441 Village Green Place
Champaign IL, 61822