218 W Main ST Urbana, IL 61801

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Active

Purchase Type For Sale

Square Footage 7,750 sqft

Price per Sqft $148

MLS Listing ID 12491021

Annual Tax Amount $15,604

Tax Year 2024

Lot Dimensions 48x110X44x116

Property Sub-Type Bus / Bus w/Real Est

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 $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

State IL

County Champaign

Area Urbana

Interior

Cooling Central Air

Fireplace N

Exterior

Roof Type Membrane

Building

Dwelling Type Bus / Bus w/Real Est

Structure Type Brick

Listed by Phillip Trautman of Champaign County Realty

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106