SQUARE FEET7,750
MLS#12491245
STATUSActive
PROPERTY TYPECommercial - Business
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.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 0.12 Acres
Roof Type: Membrane
Stories: 2.0
Taxes: $15,604
Year Built: 1900
Feature Descriptions
Current Use: Commercial
Electric: Separate Meters
Exterior: Brick
Fire Protection: Alarm Monitored, Fire Extinguisher/s, Partially Sprinklered, Carbon Monoxide Detector(s)
Flooring: Varies
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Forced Air, Gas
Location: Central Business District
Lot Dimensions: 48x110X44x116
Miscellaneous Indoor: Inside Corridor/s, Multi-Tenant, Skylight/s
Number of Tenant(s): 5
Parcel#: 922117201001
Potential Use: Commercial
Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
Units: 6
Listed By / Shown By
Listed By
Agency Name: Champaign County Realty
Agency Phone: 217-352-1234
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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218 W Main Street | MLS# 12491245
This commercial property located at 218 W Main Street, Urbana, IL 61801 is currently listed for sale with an asking price of $1,095,000. Search Urbana real estate on www.bhhscrosby.com today.