1490 E US Highway 36, Urbana, OH 43078
$1,200,000
Property Type:
Commercial
Square Footage:
15,988
Lot Size (sq. ft.):
41,382
Status:
Contingent
Current Price:
$1,200,000
List Date:
12/09/2025
Last Modified:
12/09/2025
Description
Prime investment opportunity with tremendous upside! This two-story commercial building features 40 units and offers solid fundamentals along with a versatile blank canvas for cosmetic upgrades and creative rebranding. The property provides an operator with a wide range of possibilities to elevate rents, modernize interiors, and unlock additional revenue streams. Key features include an onsite laundry facility with commercial grade plumbing and venting, ample private parking, and a lobby and reception area with an entrance highlighted by a covered porte-cochere. A rare opportunity to acquire a well maintained asset with substantial potential for growth and income enhancement.
Supplements: ********
More Information MLS# 225045178
Location & Property Info
List Price/SqFt: 75.06
City (Mailing Addr): Urbana
Corp LimitPerAuditor: Urbana
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0
General Property Info
Total SqFt Available: 15988
Bldg Sq Ft: 15988
Max Cont Sqft Avail: 15988
Minimum Sqft Avail: 15998
# of Docks: 0
# of Floors Above Gr: 2
Year Built: 1999
Acreage: 0.95
Tax Info
Tax Abatement: No
Taxes (Yrly): 24041
Parcel #: K48-25-11-03-47-005-00
Tax Year: 2025
Remarks & Misc
Property Description: Prime investment opportunity with tremendous upside! This two-story commercial building features 40 units and offers solid fundamentals along with a versatile blank canvas for cosmetic upgrades and creative rebranding. The property provides an operator with a wide range of possibilities to elevate rents, modernize interiors, and unlock additional revenue streams. Key features include an onsite laundry facility with commercial grade plumbing and venting, ample private parking, and a lobby and reception area with an entrance highlighted by a covered porte-cochere. A rare opportunity to acquire a well maintained asset with substantial potential for growth and income enhancement.
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Construction
Brick: 1
Other: 1
Heat Fuel
Electric: 1
Gas: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Auction Info
Auction/Online Bidding Y/N: No
New Financing
Conventional: 1
Business Type
Hotel/Motel: 1
Professional/Office: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1200000
List Price: $1,200,000
Property Sub Type: Mixed Use
Street #: 1490
Street PreDirection: E
Street Name: US Highway 36
County: Champaign
State: OH
Zip Code: 43078
Township: Urbana
OfficeContract Info
Status: Contingent
MLS Entry Date: 2025-12-07
Property Features
Addl Acceptance Cond: None Known
Heat Fuel: Electric; Gas
Water Source: Public
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Construction: Brick; Other
Business Type: Hotel/Motel; Professional/Office
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
REMAX Alliance Realty
Listing Agent:
V. Patrick Hamilton
Last Updated: December - 09 - 2025
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