Champaign, US
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.
Courtesy Of: Champaign County Realty
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 10/08/2025
Exterior Features and Amenities
- Lot Size Dimensions:
- 48x110X44x116
Financial
- Days On Market:
- 8
- Tax Annual Amount:
- $15,604.00
- Tax Year:
- 2024
Directions
Premium Location On Main st. in downtown Urbana directly north of Busey Bank, 2-3 blocks to Courthouse
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Data last updated: 2025-12-19.
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