125 Main StUrbana, OH 43078

  • Retail space
  • 2,139 SF
For Sale
$350,000 View listing

Property Details for 125 Main St

Year built
1900
Lot size
0.05 AC
Property size (Sq ft)
2,139 SF
Property type
Retail space
APN
K48-25-00-03-19-055-00
APU
K482500031905500

Description

This exceptional commercial property, encompassing 8,556 square feet, presents a rare opportunity to acquire a piece of Urbana's rich history. Located at 125 N Main Street and 111 E Court Street, this three-story building boasts a prime downtown location within the designated DORA (Designated Outdoor Refreshment Area). The ground floor currently houses a thriving retail tenant under lease, providing immediate income potential. The upper two floors offer expansive, open floor plans, ripe for creative redevelopment and customization to suit a variety of commercial uses. The substantial square footage allows for flexibility in design and layout, catering to diverse business needs. With its prominent Main Street address and proximity to other businesses, this property offers excellent visibility and accessibility. The 0.05-acre lot provides ample space for potential future expansion or outdoor amenities. This is an unparalleled chance to invest in a well-situated, historically significant commercial building with significant upside potential. The property's existing lease provides a stable income stream while the upper floors offer a blank canvas for future development. Don't miss this chance to own a piece of Urbana's vibrant downtown.

Location Insight

City
Urbana
County
Champaign
State
Ohio
Latitude
40.109
Longitude
-83.7521
CBSA code
46500
CBSA name
URBANA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,291
$1,790
$31,930
$33,720
-
$5,120
$91,230
$96,350

FAQs

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