125 Main St Urbana, OH 43078
- Retail space
- 2,139 SF
- 0.05 lot acres
Current Use by Public Records
- Martin Insurance Agency / Home Insurance Agency / Life Insurance Agency
- Lily's Garden / Home Goods Store
Property Details for 125 Main St
- Year built
- 1900
- Lot size
- 0.05 lot acres
- Property size
- 2,139 SF
- Property type
- Retail space
- APN
- K48-25-00-03-19-055-00
- APU
- K482500031905500
Description
This exceptional commercial property, encompassing 8,556 square feet, presents a rare opportunity to acquire a piece of Urbana's rich history. Located at 125 N Main Street and 111 E Court Street, this three-story building boasts a prime downtown location within the designated DORA (Designated Outdoor Refreshment Area). The ground floor currently houses a thriving retail tenant under lease, providing immediate income potential. The upper two floors offer expansive, open floor plans, ripe for creative redevelopment and customization to suit a variety of commercial uses. The substantial square footage allows for flexibility in design and layout, catering to diverse business needs. With its prominent Main Street address and proximity to other businesses, this property offers excellent visibility and accessibility. The 0.05-acre lot provides ample space for potential future expansion or outdoor amenities. This is an unparalleled chance to invest in a well-situated, historically significant commercial building with significant upside potential. The property's existing lease provides a stable income stream while the upper floors offer a blank canvas for future development. Don't miss this chance to own a piece of Urbana's vibrant downtown.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Ohio
- Longitude
- -83.7521
- Latitude
- 40.109
- CBSA code
- 46500
- CBSA name
- URBANA, OH MICROPOLITAN STATISTICAL AREA
