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Listing Details

MLS 202619007: 269900
COMMERCIAL: Restaurant/Bar

Status: Active

1 Main
Albion, IL 62806
(map)
Area: Edwards County (IL)
Subdivision: None
NEW LISTING
Contact:
618-263-8622
618-240-1346
3516 square feet
Built 1900
0.04 acres
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.
Additional Photos
Listing Features
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# of Parking Spaces:7
Parking:Paved,Public,Street
Sale Includes:Building
Fire Protection:City
Interior Walls:Drywall
Water Utility:City
Special Features:Living Space
Basement/Foundation:None
Cooling System:Central Air
Heating System:Conventional
Exterior:Brick
Floors:Vinyl
Roof:Shingle
Sewer:City
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