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Listed by DHI Realty Inc
$269,900
Est. payment /mo
3 Baths
1,742 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Sale
MLS Listing ID IRM202619007
HOA Y/N No
Year Built 1900
Annual Tax Amount $4,543
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 21ft x 82ft
Property Sub-Type Restaurant
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
Rooms
Basement None
Interior
Heating Conventional
Inclusions Building
Fireplace N
Exterior
Parking Features Paved, Public Parking, On Street
View Y/N true
Total Parking Spaces 7
Building
Sewer Public Sewer
Water City
New Construction No
Others
Pets Allowed No
Acceptable Financing IRM202619007
Listing Terms IRM202619007
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202619007
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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.
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