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:
Closed
Current Price:
$1,200,000
List Date:
12/09/2025
Last Modified:
3/29/2026
Overview
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.
Listing Details MLS# 225045178
Location Property Info
- Original List Price
- 1200000
- 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
- MLS Entry Date
- 2025-12-07
General Property Info
- Total SqFt Available
- 15988
- Bldg Sq Ft
- 15988
- Max Cont Sqft Avail
- 15988
- Minimum Sqft Avail
- 15998
- # of Floors Above Gr
- 2
- Year Built
- 1999
- Acreage
- 0.95
- # of Docks
- 0
Tax Info
- Parcel #
- K48-25-11-03-47-005-00
- Tax Year
- 2025
- Tax Abatement
- No
- Taxes (Yrly)
- 16322
Status Change Info
- Under Contract Date
- 2026-03-24
- Sold Date
- 2026-03-27
- Sold Price/SqFt
- 75.06
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
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
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
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
Construction
- Brick
- Yes
- Other
- Yes
Heat Fuel
- Electric
- Yes
- Gas
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
New Financing
- Conventional
- Yes
Business Type
- Hotel/Motel
- Yes
- Professional/Office
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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: March - 29 - 2026
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