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$1,150,000 | $15/sq. ft.
7,750
square ft

218 W Main Street
Urbana, Illinois 61801

Active / MLS #12491245 / Commercial / Mixed Use / Urbana
Listing information updated 10/15/2025 at 6:03am
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.
Built:
1900
Cooling System:
Central Air
Stories:
2
Roof:
Membrane
Current Use:
Commercial
Potential Use:
Commercial
# of Offices:
2
Building Square Feet:
7,750
Tax Amount:
$15,604
Tax Year:
2024
Zip Code:
61801
City:
Urbana
County:
Champaign

Listing Office: Champaign County Realty

Listing Office Phone: 217.352.1234

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/15/2025 at 6:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 listings have been excluded from this website.

$229,558
Average Sale Price
79
Average Days On The Market
98%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 218 W Main Street, Urbana, IL 61801
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218 W Main Street, Urbana, IL 61801 is a commercial / mixed use currently listed at $1,150,000 | $15/sq. ft.. This commercial / mixed use has been listed on @properties Christie's International Real Estate since October 8th, 2025 and was built in 1900.

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