218 W Main St

Urbana, IL 61801

$1,095,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
a view of a livingroom with furniture and a livingroom
a view of a hallway with wooden floor and staircase
a bathroom with a sink and a mirror
a kitchen with granite countertop white cabinets and stainless steel appliances
a picture of a book and a white wall
a kitchen with stainless steel appliances granite countertop a stove a refrigerator and a granite counter tops
a kitchen with stainless steel appliances white cabinets and wooden floor
an empty room with wooden floor and windows
a kitchen with stainless steel appliances granite countertop a sink a stove and a wooden floors
a view of a kitchen with a sink and dishwasher with wooden floor
a view of a kitchen with a sink and dishwasher
a view of an empty room with wooden floor and a window
a bathroom with a shower sink and mirror
an empty room with wooden floor and windows
an empty room with wooden floor closet and windows
a picture of a wall with a white wall
a kitchen with granite countertop a refrigerator and a stove top oven
a kitchen with granite countertop white cabinets and stainless steel appliances
a view of a kitchen with a sink and wooden floor
an empty room with wooden floor and windows
a view of an empty room with wooden floor and a window
an empty room with wooden floor and windows
a bathroom with a granite countertop sink a toilet and shower
a bathroom with a toilet sink and shower
a view of an empty room
a close up view of washer and dryer
a large kitchen with stainless steel appliances a large counter top a sink a stove and cabinets
a kitchen with stainless steel appliances granite countertop a sink stove and wooden floor
a kitchen with granite countertop a sink and stainless steel appliances
a view of a hallway with wooden floor and a living room
a view of a room with wooden floors and window
wooden floor in an empty room with a window
wooden floor in an empty room with a window
a bathroom with a toilet sink and mirror
a utility room with wooden floor washer and dryer
a utility room with dryer and washer
a kitchen with granite countertop white cabinets white stainless steel appliances and sink
a view of a kitchen and wooden floor
a bathroom with a granite countertop toilet a sink and a mirror
an empty room with wooden floor and windows
a bathroom with a shower toilet and sink
a bathroom with a sink and a mirror
a view of a livingroom with furniture and a livingroom
a view of a hallway with wooden floor and staircase
a bedroom with a bed table and a chandelier
a view of a hallway with wooden floor and staircase
a white toilet sitting next to a bathroom sink
a view of a chairs and table in the room
a view of water heater in a yard
a room with lots of furniture and gym equipment

Description

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...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.
  1. Listed by Phillip Trautman • Champaign County Realty
    P: (217)-352-1234 C: (217)-202-1234 philtccr@aol.com

Property Details for 218 West Main Street

Area
Urbana
Air Conditioning Type
Central Air
LISTING UPDATED: 01/25/2026 12:07 AM

Property Details for 218 West Main Street

StatusActive
MLS #12491245
Days on Market117
Taxes$15,604 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1900
Lot Size0.12 AC / 5,061 SF
CountyChampaign County

Location

Listing Courtesy of Champaign County Realty
Add your commute

Building Information for 218 West Main Street

Stories2Residences6Year Built1900Lot Size0.12 AC / 5,061 SF

Payment Calculator

$6,637 per month

30 year fixed, 6.15% Interest

Principal and Interest

$5,337

Property Taxes

$1,300

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 218 West Main Street

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Central Illinois
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Separate Meters
  • Flooring: Varies
  • # Of Washers: 4
  • Grid: 56
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 4
  • Misc Inside: Inside Corridor/s,Multi-Tenant,Skylight/s
  • # Of Dryers: 4
  • # Of Disposals: 4
  • # Of Dishwashers: 4
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 48x110X44x116
  • Lot Size Square Feet: 5061.0
  • Stories: 2
  • Construction: Brick
  • Roof Type: Membrane
  • Fire Protection: Alarm Monitored,Fire Extinguisher/s,Partially Sprinklered,Carbon Monoxide Detector(s)
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 7750
  • # Of Offices: 2
  • # Of Ranges: 4
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Commercial
  • Docks: Exterior
  • Public Document Count: 0
  • Photos Count: 99
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $1,140.00
  • Fuel Expense: $.00
  • Gross Income: $115,140.00
  • Gross Scheduled Income: $115,140.00
  • Insurance Expense: $2,916.00
  • Electric Expense Source: Actual
  • Known Encumbrances: First Mortgage
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 9595
  • Water Expense Source: Actual
  • Other Expense: $75.00
  • Trash Expense: $1,104.00
  • Water Sewer Expense: $2,100.00

Property History for 218 West Main Street

DateEvent & SourcePriceAppreciation
Jan 19, 2026

Price Change

MRED #12491245

$1,095,000—
Oct 8, 2025

Listed (Active)

MRED #12491245

$1,150,000—
Jul 11, 2023

Sold (Public Record)

Public Record #1516397835

$940,000—
Jul 11, 2023

Sold

MRED #11762649

$940,000—
May 2, 2023

Pending

MRED #11762649

—
Apr 19, 2023

Listed (Active)

MRED #11762649

$950,000—
Dec 31, 2022

Expired

MRED #11248928

$950,000—
Mar 14, 2022

Listed (Active)

MRED #11248928

$950,000—
DateEvent & SourcePrice
01/19/2026

Price Change

MRED #12491245

$1,095,000
10/08/2025

Listed (Active)

MRED #12491245

$1,150,000
07/11/2023

Sold (Public Record)

Public Record #1516397835

$940,000
07/11/2023

Sold

MRED #11762649

$940,000
05/02/2023

Pending

MRED #11762649

—
04/19/2023

Listed (Active)

MRED #11762649

$950,000
12/31/2022

Expired

MRED #11248928

$950,000
03/14/2022

Listed (Active)

MRED #11248928

$950,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 218 West Main Street

Taxable ValueLand$42,940Additions$108,350Total$151,290
Tax Record2024$15,604 ($1,300 / month)
Home Facts
StyleMiscellaneous CommercialCountyCHAMPAIGNAPN922117201001

Schools near 218 West Main Street

This home is within Urbana School District 116.
Rating
School
Type
Grades
Distance
Leal Elementary School
Public - K to 5
Urbana Middle School
Public - 6 to 8
Urbana High School
Public - 9 to 12
Urbana Gerber School
Public - K to 12
Rating
School
Distance
Leal Elementary School
PublicK to 5

Urbana Middle School
Public6 to 8

Urbana High School
Public9 to 12

Urbana Gerber School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 218 West Main Street, Urbana, IL 61801

218 West Main Street is a mixed use property for sale in Urbana, IL 61801. This property was listed for sale on October 8, 2025 by Champaign County Realty, it's currently listed at $1,095,000. It has been on the market for a total of 117 days and was last sold on July 11, 2023. This listing's school district is Urbana School District 116. Nearby schools include Leal Elementary School, Urbana Middle School and Urbana High School. 218 West Main Street is a 0-bed, 0-bath, mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Champaign County Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/25/2026 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.