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    106 Main St Urbana, IL 61801

    Sponsored
    For Sale
    $625,000

    Prime Urbana location, 7,303 sq ft. High-traffic area.

    Property size:
    7,303 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 106 W Main Street in Urbana, Illinois, offers a substantial 7,303 square feet of space. Situated on a lot with no acreage, this "Other" type property presents a unique opportunity for a variety of businesses. The building's prime location on Main Street ensures high visibility and accessibility, benefiting from significant foot and vehicle traffic. The asking price is $625,000. Given the size and location, this property is ideal for businesses requiring a large footprint with excellent street presence. The absence of acreage suggests the property is likely a building, rather than a land-based operation. Further investigation into the property's zoning and permitted uses is recommended to determine its suitability for specific business plans. Interested parties are encouraged to conduct their due diligence to assess the property's potential and confirm its compatibility with their intended use. The property's versatility makes it an attractive investment for entrepreneurs and established businesses alike seeking a prominent location in the vibrant Urbana market. The substantial square footage offers ample space for various configurations and layouts, catering to a wide range of business needs. This is a rare opportunity to acquire a significant commercial space in a desirable location.

    Property Features for 106 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,303 SF

    Building Details

    Year Built
    1880
    Property Profile Location Intelligence

    Current Use by Public Records

    Heel To Toe Shoe Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.20776
    Latitude
    40.1127

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Urbana location, 7,303 sq ft. High-traffic area.
    Where is this commercial real estate located?
    The property is located at 106 Main St Urbana, IL.
    What is the asking price?
    The asking price for this property is $625,000.
    Request Owner's contact information
    106 Main St Urbana, IL 61801
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    Urbana, IL 61801
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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
    106 Main St Urbana, IL 61801
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