218 W Main Street — Urbana, IL 61801
Active
▼ $55,000
Urbana, IL 61801

218 W Main Street

$1,095,000
0 beds · 0 baths
$55,000 below original 200 days on market $15,604/yr taxes
01About this home

FULLY RENOVATED AND FULLY LEASED! This historic downtown Urbana, Illinois "Stephen's Building" has been fully modernized and redesigned to today's living standards! The first floor offers 2 separate commercial spaces. The larger Westside suite is 2375 Sq. Ft. with an unfinished basement for additional storage space. This suite is currently rented for $2400/mo. The East commercial space is 1500 Sq. Ft. and rented for $1326/mo (discounted has been $2100/mo. Upstairs you will find 4 fully renovated 2 bed/2bath apartments. Each apartment features stainless appliances, hardwood and tile flooring, stacked laundry in each unit. The remodel was able to leave beautiful historic brick walls exposed and other original features. The building features industrial-style exposed HVAC. The residential access to the building is secure. The 4 apartments currently generate over $5869/mo of rental income. The building does not come with parking, however there is a City permit lot directly adjacent.

02Inside the home
03By the numbers
$1,095,000
List price
Square feet
Bedrooms
Bathrooms
Year built
Lot size
Garage spaces
$15,604
Annual taxes
Bus / Bus w/Real Est
Style
200
Days on market
04Features
Cooling
Central Air
Construction
Brick
05Neighborhood
  • Siam Terrace 50 ft
  • Courier Cafe 200 ft
  • Sakura 300 ft
  • Rose Bowl Tavern 300 ft
  • Analog Wine Library 350 ft
  • Tres Nopales 350 ft
  • World Harvest 500 ft
  • Common Ground 0.2 mi
  • H Mart 0.2 mi
  • Circle K 0.3 mi
  • Schnucks 0.4 mi
  • Food Center 0.4 mi
  • Patterson Parklet 550 ft
  • Leal Park 0.2 mi
  • Phillips Recreation Center Playground 0.2 mi
  • Art in the Park 0.3 mi
  • Webber Street Park 0.6 mi
  • Hallene Gateway Plaza 0.6 mi
  • Elm City Roastery 100 ft
  • Strawberry Fields Café 500 ft
  • Columbia Street Roastery 0.2 mi
  • Lazy Daisy Diner & Cafe 0.2 mi
  • Starbucks 0.3 mi
  • 7 Brew Coffee 0.3 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Jan 25, 2026
Price reducedThis listing
Champaign County Realty
$1,095,000
−$55,000
Jan 25, 2026
Listed for sale
Champaign County Realty · 200 days on market
$1,095,000
Oct 9, 2025
Listed for saleThis listing
Champaign County Realty
$1,150,000
Oct 9, 2025
Listed for sale
Champaign County Realty
$1,150,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

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09Similar homes
Listed by Champaign County Realty · Phillip Trautman · 217-202-1234
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12491021
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