Renovated Mixed-Use
For Sale
Contact for pricing
218 W Main Street, Urbana, IL 61801
Historic property combines two commercial suites with four renovated two-bedroom apartments and secure residential entry.
Property Size7,750 SF
Days on Market308
Property Features for 218 W Main Street
General Information
Standard status
Active
Size
7,750 SF
Property subtype
Commercial
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$15,604
Building Details
Building Size
7,750 SF
Year Built
1900
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
Champaign County Realty
(217) 352-1234
Listed By:
Phillip Trautman · License #471001829
(217) 352-1234
Source:
Perillorealestategroup
Added: Oct 8, 2025
Changed: Aug 8
Last Checked: Aug 10 at 10:43AM
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.
The Stephen's Building is a historic mixed-use property with two commercial spaces on the ground floor and four renovated apartments above. The larger Westside suite contains 2375 Sq. Ft. plus an unfinished basement for storage, while the East commercial space provides 1500 Sq. Ft. The upper-level residences are configured as two-bedroom, two-bath apartments with stainless appliances, hardwood and tile flooring, and stacked laundry in each unit.
Renovation work retained exposed historic brick walls and other original building elements, while industrial-style exposed HVAC adds to the interior character. Residential entry is secured. The property is located at 218 W Main Street in downtown Urbana, Illinois, and a City permit lot is directly adjacent; on-site parking is not included. Built in 1900, the building combines commercial and residential occupancy within a single historic structure.
Renovation work retained exposed historic brick walls and other original building elements, while industrial-style exposed HVAC adds to the interior character. Residential entry is secured. The property is located at 218 W Main Street in downtown Urbana, Illinois, and a City permit lot is directly adjacent; on-site parking is not included. Built in 1900, the building combines commercial and residential occupancy within a single historic structure.
Key Highlights
- Four renovated 2 bed/2 bath apartments
- Two ground‑floor commercial suites measuring 2375 Sq. Ft. and 1500 Sq. Ft.
- Unfinished basement provides additional storage for the larger commercial suite
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,208
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic property combines two commercial suites with four renovated two-bedroom apartments and secure residential entry.
Where is this mixed-use property located?
The property is located at 218 W Main Street Urbana, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Four renovated 2 bed/2 bath apartments; Two ground‑floor commercial suites measuring 2375 Sq. Ft. and 1500 Sq. Ft.; Unfinished basement provides additional storage for the larger commercial suite
