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Listed by Brandon Hodgson • DHI Realty Inc • Cell: 618-263-8622
$ 269,900
Est. payment /mo
Price Dropped by $17K
1 W Main Street Albion, IL 62806
1,742 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Restaurant/Bar
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202619007
Year Built 1900
Annual Tax Amount $4,543
Tax Year 2024
Lot Size 1,742 Sqft
Property Sub-Type Restaurant/Bar
Property Description
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.
Location
State IL
County Edwards County (il)
Area Edwards County (Il)
Direction Located on the northwest corner of Main Street and 5th Street in downtown Albion. Property fronts Main Street (IL-15) with convenient access from IL-130 and nearby downtown businesses including McDonald's and Bobe's Pizza.
Interior
Flooring Vinyl
Appliance Building
Laundry , 7
Exterior
Roof Type Shingle
Total Parking Spaces 7
Building
Story 2
New Construction No
Others
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IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.