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Property profile & analytics

115 Main St Urbana, IL 61801

  • Commercial real estate
Value Estimation
Location Intelligence
Property ID
US28-5289611
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Applied Pavement Technology, Inc. / Engineering Consultant
  • Encanto Restaurant and Bar / Mexican Restaurant / Peruvian Restaurant

Property Details for 115 Main St

Property type
Commercial real estate
APN
922117206007
APU
922117206007

Description

Exceptional 6,840-square-foot office space available for lease in downtown Urbana, Illinois. Located on the third and fourth floors of 115 W Main St, this single-tenant property offers stunning views of the city. The space features 24+ private offices, a fourth-floor reception area conveniently located near the elevator, and multiple restrooms. A unique design element is a large open staircase connecting the third and fourth floors, creating a two-story open floor plan that includes a lounge with a grand window overlooking downtown. Additional amenities include balcony areas with built-in library shelving/work areas, and a breakroom/kitchenette. The building offers elevator and stairwell access from both Main Street and a connected parking deck, ensuring convenient access for tenants and clients. This versatile space, totaling 6,840 square feet within a 17,146-square-foot building, is ideal for a variety of office uses and could also potentially accommodate retail functions. Its prime location in the heart of downtown Urbana provides excellent visibility and accessibility within the University of Illinois community, with immediate proximity to numerous restaurants and retail establishments. The building is a four-story structure.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Urbana
County
Champaign
State
Illinois
Longitude
-88.2081
Latitude
40.1122
CBSA code
16580
CBSA name
CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$35,821
$44,860
$291,900
$336,760
-
$134,580
$875,700
$1,010,280
More about this property
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