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    1490 E Us Highway 36 Urbana, OH 43078

    Sponsored
    For Sale
    Under Contract
    $1,200,000

    COMMERCIAL - Urbana, OH

    Property size:
    15,988 SF
    Lot size:
    0.95 Acres
    Days on Market:
    29
    Last Refresh:
    Jan 6 at 8:06 pm

    Property Features for 1490 E Us Highway 36

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    K482511034700500
    Parking features
    Parking Lot
    Size
    15,988 SF
    Lot size
    0.95 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Wall Unit(s), Central Air

    Building Details

    Year built
    1999
    Building materials
    Brick, Vinyl Siding

    RE/MAX Alliance Realty (937) 652-1100

    Listing agent V. Patrick Hamilton (937) 652-1100

    Listing date Dec 9, 2025

    Copyright © 2026 Western Regional Information Systems and Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Story Commercial Building For Sale

    This two-story commercial building in Urbana, OH, presents a prime investment opportunity. The property features 40 units and offers solid fundamentals, presenting a versatile opportunity for cosmetic upgrades and creative rebranding. The building provides an operator with possibilities to elevate rents, modernize interiors, and unlock additional revenue streams. Key features include an onsite laundry facility with commercial grade plumbing and venting, ample private parking, and a lobby and reception area with an entrance highlighted by a covered porte-cochere. The property, situated on 0.95 acres, encompasses 15,988 square feet. It is located in Champaign County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store Department Store Food Market Storage Facility Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Coinstar Kiosk - Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Ohio
    Longitude
    -83.722459
    Latitude
    40.106535

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    FAQs

    What type of property is this?
    Shopping center - Two-story commercial building with 40 units and investment upside.
    Where is this shopping center located?
    The property is located at 1490 E Us Highway 36 Urbana, OH.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Tremendous upside potential through cosmetic upgrades, rebranding, and rent elevation.; - 40 units provide a solid foundation for income generation.; - Ample private parking available.
    (937) 652-1100
    Request Owner's contact information
    1490 E Us Highway 36 Urbana, OH 43078
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    Urbana, OH 43078
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1490 E Us Highway 36 Urbana, OH 43078
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