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About This Home
This 0-bedroom, 0-bathroom commercial at 218 W Main Street in Urbana, IL is listed for $1,095,000. Built in 1900, on a 0.12 acres lot.
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.
Key Features
- Built in 1900
- 0.12 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$5,856/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
218 W Main Street
Urbana, IL 61801
Property Details
Flooring
Construction
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 218 W Main Street is listed at $1,095,000. The estimated monthly payment is $4,745 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.12 acre lot, 2 stories.
This property is listed by Phillip Trautman and can be reached at (217) 714-1234 or philtccr@aol.com.
