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Historic Mixed-Use Building

218 Main St Urbana, IL 61801

218 Main St, Urbana, IL, 61801
$995,000
For Sale
$995,000

Fully renovated and fully leased downtown Urbana building with two street-level commercial suites and four residential units.

Days on Market286

Property Features for 218 Main St

General Information

Standard status
Active
Listing agency Champaign County Realty
Listed by Phillip Trautman · License #471001829
Source Exprealty
Added: Oct 9, 2025 Updated: Jul 20 at 6:15PM Checked: Jul 20 at 6:15PM

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 Champaign County Realty


Investment Insights

Based on property information with market context.

Fully renovated and fully leased, the historic Stephen’s Building offers street-level commercial space alongside four updated apartments above. The first floor includes two separate commercial suites, with one larger westside suite and a separate eastside space. An unfinished basement provides additional storage for the commercial level.

Upstairs are four fully renovated two-bedroom, two-bath apartments. Each unit is equipped with stainless appliances, hardwood and tile flooring, and stacked laundry. The renovation preserves historic character, including exposed brick walls and original features, and the building includes industrial-style exposed HVAC.

Residential access is secure. The building does not include parking, but a city permit lot is directly adjacent.

Key Highlights

  • Fully renovated and fully leased historic Stephen’s Building in downtown Urbana
  • Two separate street‑level commercial spaces: 2,375 SF (rented $2,400/mo) plus 1,500 SF (rented $1,326/mo)
  • Unfinished basement provides additional storage for the westside commercial suite

Property Analytics

Location Intelligence

Current Use by Public Records

Angel Forever Foundation Crisis Center Beau Visage Spa Spa & Massage Center

Suggested Use

Real Estate Agency Dental Office Kitchen & Bath Showroom Big Box & Wholesale Store Nail Salon Plumbing Service Furniture & Home Goods Hair Salon Accounting Firm Veterinary Clinic

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

FAQs

What type of property is this?
Quadplex - Fully renovated and fully leased downtown Urbana building with two street-level commercial suites and four residential units.
Where is this quadplex located?
The property is located at 218 Main St Urbana, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Fully renovated and fully leased historic Stephen’s Building in downtown Urbana; Two separate street‑level commercial spaces: 2,375 SF (rented $2,400/mo) plus 1,500 SF (rented $1,326/mo); Unfinished basement provides additional storage for the westside commercial suite
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