Office/Contract Info

For Sale

Yes

Exchange

No

For Lease

No

Lease Rate $/Sq Ft

0

Remarks & Misc

Property Description

Positioned in the coveted 100 block of North Main Street in the very heart of Urbana's vibrant downtown business district, this admired commercial building offers a rare opportunity to own a landmark property with deep local roots. Held in the same family for decades and currently home to the prestigious Guild Galleries Interiors, an interior design studio, retail boutique, and fine women's clothing and accessories destination, the property is surrounded by thriving retail shops, restaurants, coffee shops, bank, bookstore, event center and professional offices, truly embodying the phrase 'location, location, location.' Inside, the building features four full levels of usable space, including a finished basement, all conveniently served by a working elevator that reaches every floor along with traditional stair access. The basement level is finished for office use and includes a half bath. The main level showcases over 3,000 square feet of retail space highlighted by a blend of gleaming hardwood floors and carpeted areas, while the second floor provides an additional 3,000+ square feet that has most recently functioned as an expansive retail showroom. The third level contributes another 1,500+ square feet currently utilized for storage. With both front and rear public entrances and a public parking lot directly behind the building, accessibility is exceptional. Well- maintained and among the larger downtown properties where all four floors can be fully utilized, this building presents unlimited possibilities for retail, professional offices, loft-style apartments, or a creative mixed-use vision ready to be brought to life by its next owner. Real Estate Only - The Business can be negotiated outside of the Real Estate Transaction.

Income/Expenses

Gross Income

0

Net Operating Income

0

Total Expenses

0

Addl Acceptance Cond

None Known

Yes

T Reimburses L

Curr Yr Est $/SF TRL

0

Construction

Brick

Yes

Other

Yes

Heat Fuel

Gas

Yes

Sewer

Public Sewer

Yes

Services Available

Electricity Available

Yes

Natural Gas Available

Yes

Sewer Available

Yes

Water Available

Yes

Heat Type

Hot Water

Yes

New Financing

Conventional

Yes

Business Type

Professional/Office

Yes

Restaurant

Yes

Retail

Yes

MLS Primary PhotoSrc

Realtor Provided

Yes

Property Features