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0 Beds
7,750 sqft

$995,000

218 W Main Street, Urbana IL, 61801

Price per sqft$128.39
Built in1900
Property size7,750 sqft
Property typeOther
Listed by Phillip Trautman with Champaign County Realty 217-202-1234

Overview

Active

Listed Oct 8, 2025

Updated 13 days ago

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 $2400/mo. The East commercial space is 1500 Sq. Ft. and rented for $1326/mo (discounted has been $2100/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 $5869/mo of rental income. The building does not come with parking, however there is a City permit lot directly adjacent.

$6,620/mo

Est. mortgage payment based on a $995,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12491245

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$15,604
Tax Frequency
Annually
MLS provider logo

Listed by Phillip Trautman with Champaign County Realty 217-202-1234

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Data is refreshed every 3 hours. Listing last updated 3:54 AM UTC on 9/26/2026. 

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