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Executive Summary
Positioned in the coveted 100 block of North Main Street in the very heart of Urbana's vibrant downtown business district, this admired commercial building offers a rare opportunity to own a landmark property with deep local roots. Held in the same family for decades and currently home to the prestigious Guild Galleries Interiors, an interior design studio, retail boutique, and fine women's clothing and accessories destination, the property is surrounded by thriving retail shops, restaurants, coffee shops, bank, bookstore, event center and professional offices, truly embodying the phrase 'location, location, location.' Inside, the building features four full levels of usable space, including a finished basement, all conveniently served by a working elevator that reaches every floor along with traditional stair access. The basement level is finished for office use and includes a half bath. The main level showcases over 3,000 square feet of retail space highlighted by a blend of gleaming hardwood floors and carpeted areas, while the second floor provides an additional 3,000+ square feet that has most recently functioned as an expansive retail showroom. The third level contributes another 1,500+ square feet currently utilized for storage. With both front and rear public entrances and a public parking lot directly behind the building, accessibility is exceptional. Well- maintained and among the larger downtown properties where all four floors can be fully utilized, this building presents unlimited possibilities for retail, professional offices, loft-style apartments, or a creative mixed-use vision ready to be brought to life by its next owner. Real Estate Only - The Business can be negotiated outside of the Real Estate Transaction.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,334 SF
Building Class
B
Year Built
1900
Price
$613,134 CAD
Price Per SF
$73.57 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.96
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
7 Spaces (0.84 Spaces per 1,000 SF Leased)
Frontage
59’ on North Main Street
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | K48-25-00-04-19-030-00 | Improvements Assessment | $81,144 CAD |
| Land Assessment | $6,797 CAD | Total Assessment | $87,940 CAD |
Property Taxes
Parcel Number
K48-25-00-04-19-030-00
Land Assessment
$6,797 CAD
Improvements Assessment
$81,144 CAD
Total Assessment
$87,940 CAD
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118 N Main St
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