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Tim Haber

tim@teamhaber.com +1(260) 403-1940

Listed by DHI Realty Inc

$ 269,900

Est. payment | -/mo

3 Baths

1,742 Sqft Lot

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$ 269,900

Est. payment | -/mo

Save Virtual Tour

3 Baths

1,742 Sqft Lot

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

Nearby Locations

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Tim Haber

Broker-Associate Lic# RB14046378

tim@teamhaber.com

+1(260) 403-1940

8101 Coldwater Rd, Fort Wayne, IN 46825

1 W Main ST Albion, IL 62806

Tim Haber

Key Details

Location

Rooms

Interior

Exterior

Building

Others

1 W Main ST