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

