There are multiple listings for this address:
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 Details
Price:
$1,095,000
MLS #:
MRD12491021
Status:
Active
Beds:
0
Baths:
0
Type:
Business
Neighborhood:
urbana
Listed Date:
Oct 8, 2025
Total Sq Ft:
7,750
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Roof
Membrane
Stories
2
Financial
Tax Year
2024
Taxes
$15,604
Map
Community
- Address218 W Main Street Urbana IL
- CityUrbana
- CountyChampaign
- Zip Code61801
Market Summary
Property Summary
- 218 W Main Street Urbana IL is a Business for sale in Urbana, IL, 61801. It is listed for $1,095,000
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Copyright 2026. All rights reserved.
218 W Main Street
Urbana, IL
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 Details
Price:
$1,095,000
MLS #:
MRD12491245
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
urbana
Listed Date:
Oct 8, 2025
Total Sq Ft:
7,750
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Roof
Membrane
Stories
2
Financial
Tax Year
2024
Taxes
$15,604
Map
Community
- Address218 W Main Street Urbana IL
- CityUrbana
- CountyChampaign
- Zip Code61801
Market Summary
Current real estate data for Commercial in Urbana as of Jun 15, 2026
3
Commercial Listed
153
Avg DOM
$1,215,000
Avg List Price
Property Summary
- 218 W Main Street Urbana IL is a Commercial for sale in Urbana, IL, 61801. It is listed for $1,095,000


