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Two-Story Office Suite
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115 W Main Street, Urbana, IL 61801

An interconnected layout pairs private offices with a central lounge, balcony workspaces, a kitchenette and elevator access.

Space Size9,255 SF
Days on Market233

Property Features for 115 W Main Street

General Information

Standard status Active
Size 9,255 SF
Net Rentable 9,255 SF
Elevators Yes
Zoning COMMR

Space & Availability

Available Space 9,255 SF
Contiguous Space 9,255 SF
Floor 3 and 4
Space Use Office
Private Offices 24

Amenities

internal open staircase
central lounge
grand south-facing window
balcony areas with built-in library shelving/workspaces
breakroom/kitchenette
multiple restrooms
reception area
connected parking

Building Details

Year Built 1871
Stories 2
Units 1
Listing Agency: GUTH & ASSOCIATES, LLC
Listed By: Jill Guth · License #471020488
Source: Fishmangroup
Added: Mar 9 Changed: Oct 25 Last Checked: Oct 26 at 3:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GUTH & ASSOCIATES, LLC

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Investment Insights

Based on property information with market context.

The 9,255 SF office suite occupies the third and fourth floors of 115 W Main Street, a building constructed in 1871. An internal staircase links the two levels, which include 24+ private offices, a reception area beside the fourth-floor elevator, a central lounge and south-facing downtown views. Balcony areas feature built-in library shelving and workspaces; the suite also has a breakroom with kitchenette and multiple restrooms.

Elevator service connects the space to the ground-level Main Street entrance and to an adjoining parking deck, with access from the deck’s second floor. The property is in Downtown Urbana, near restaurants and bars, and the area has seen increased daytime traffic associated with downtown office relocations. Zoning is COMMR.

Key Highlights

  • 9,255 SF across the third and fourth floors
  • 24+ private offices
  • Internal staircase links the two office levels

Property Analytics

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Open Analytics

Current Use

Applied Pavement Technology, ... Engineering Consultant Encanto Restaurant and Bar Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Kitchen & Bath Showroom Plumbing Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,208
Businesses Nearby

Demographics for 61801, IL

27,658
Population
13,468
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,122
Density / Sq Mi
$37,948
Median Household Income
$26,394
Median Earnings
$950
Median Rent
$184,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - An interconnected layout pairs private offices with a central lounge, balcony workspaces, a kitchenette and elevator access.
Where is this office unit located?
The property is located at 115 W Main Street Urbana, IL.
What are key features of this property?
This property features: 9,255 SF across the third and fourth floors; 24+ private offices; Internal staircase links the two office levels
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