# 218 W Main Street, Urbana, IL 61801

> **TL;DR:** commercial, $995,000, built 1900.
> A/C. Est. $5,321/mo. Listed 387 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $995,000 |
| Year Built | 1900 |
| Lot Size | 5,062 sqft (0.12 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 387 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $5,031 |
| Estimated Insurance | $290 |
| **Total** | **$5,321** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1900
- 0.12 acre lot
- 2 stories

## Description

### Agent 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 $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.

## Location

- **Address:** 218 W Main Street, Urbana, IL 61801
- **County:** Champaign

## Listing Agent

- **Name:** Phillip Trautman
- **Brokerage:** Champaign County Realty
- **Broker Phone:** (217) 714-1234

## Photos

![218 W Main Street - Photo 1](http://lh.rdcpix.com/a8cbbd0f7b9c839e8cd08edd869a6e19l-f2519379281r.jpg)

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---

**MLS#:** 12491245 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/218-w-main-street-urbana-il-61801-5ce32c3f810a4e758ba2ed12be4efbd4)

---

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  "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 $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.",
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