$269,900

1 W Main Street, Albion IL, 62806

Price per sqft$76.76

Built in1900

Property size3,516 sqft

Property typeCommercial

Overview

Active

Updated 2 weeks ago

Outstanding mixed-use investment opportunity in the heart of downtown Albion! This versatile Main Street property offers a beautifully maintained commercial space on the main level and a stylish upper-level apartment/Airbnb featuring 2-3 bedrooms and 1 full bath. Whether you're looking to establish a retail shop, office, salon, studio, café, boutique, or continue operating it as a restaurant, this property offers endless possibilities. The commercial level features an open layout with attractive finishes, two half baths, vinyl plank flooring installed in 2023, a tankless water heater added in 2025, and an existing commercial kitchen and equipment that can be utilized or adapted to suit a variety of business needs. Upstairs, you'll find a comfortable and inviting living space with a new washer and dryer included, making it ideal for owner occupancy, long-term rental income, or a successful short-term rental. Separate utility meters provide added flexibility for owners and tenants. Major improvements include a new roof in 2021, replacement windows, and a new downstairs air conditioning system installed in 2025. Situated directly across from the town square, this prime location offers outstanding visibility, convenient on-street parking, and steady pedestrian and vehicle traffic. Whether you're an investor seeking multiple income streams, an entrepreneur looking for the perfect business location, or someone wanting the convenience of a live/work property, this unique opportunity is one you won't want to miss.

Additional information

MLS^® ID: 202619007

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.04 Acres

Other Property Details

Taxes: $4,543
Tax Frequency: Annually
Furnished: Yes

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID

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Data last updated 3:43 AM UTC, 9/24/2026

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