Property summary
This exceptional commercial property, encompassing 8,556 square feet, presents a rare opportunity to acquire a piece of Urbana's rich history. Located at 125 N Main Street and 111 E Court Street, this three-story building boasts a prime downtown location within the designated DORA (Designated Outdoor Refreshment Area). The ground floor currently houses a thriving retail tenant under lease, providing immediate income potential. The upper two floors offer expansive, open floor plans, ripe for creative redevelopment and customization to suit a variety of commercial uses. The substantial square footage allows for flexibility in design and layout, catering to diverse business needs. With its prominent Main Street address and proximity to other businesses, this property offers excellent visibility and accessibility. The 0.05-acre lot provides ample space for potential future expansion or outdoor amenities. This is an unparalleled chance to invest in a well-situated, historically significant commercial building with significant upside potential. The property's existing lease provides a stable income stream while the upper floors offer a blank canvas for future development. Don't miss this chance to own a piece of Urbana's vibrant downtown.
Property profile
VerifiedCap rate & NOI
Current use
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Insurance Agency
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Home Decor Store Department Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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