Listing courtesy of DHI Realty Inc · Listing agent: Brandon Hodgson · Cell: 618-263-8622

Virtual tour
Active

1 W Main Street

$269,900

$76.76 / sq ft

Albion, IL 62806

Original price $287,500 · Price reduced on July 5, 2026

Estimate your monthly payment
Bathrooms
3
Lot
0.04 ac
Year built
1900
Type
Commercial Sale
Listed
May 19, 2026
MLS #
202619007

About this home

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.

Property details

Interior

Stories
2
Finished area above grade
3,516 sq ft
Flooring
Vinyl
Heating
Conventional
Cooling
Central Air

Exterior & parking

Construction
Brick
Roof
Shingle
Parking
Paved, Public Parking, On Street
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot size (acres)
0.04 ac
Lot dimensions
21ft x 82ft
County
Edwards County (IL)
Road frontage
City Street
Platted
Yes
Planned unit development
No
Directions
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.

Taxes & terms

Annual taxes
$4,543
Tax year
2024
Tax abatement
No
Possession
Negotiable

Included in the sale

Included in sale
Building

Utilities

Water
City
Sewer
Public Sewer

Income & commercial

Parking spaces
7
Water meters
2
Ceiling height
9ft

Location

Loading map...

Similar homes

$269,900

3 baths