Great investment opportunity in the heart of downtown Albion! This mixed-use property features a beautifully maintained restaurant space on the main level and a stylish upper-level Airbnb/apartment offering 2-3 bedrooms and 1 full bath. Both levels have been nicely updated and are move-in ready. The restaurant includes seating, equipment, 2 half baths, vinyl plank flooring installed in 2023, and a tankless water heater added in 2025. Upstairs features a comfortable and inviting living space with new washer and dryer included. Separate meters provide added flexibility for owners and tenants. Major updates include roof replacement in 2021, downstairs AC in 2025, and replacement windows. Excellent Main Street location directly across from the town square with convenient on-street parking and strong visibility for business traffic. Great opportunity for an owner/operator, investor, or someone looking for a live/work setup.
Albion is located in Illinois. Albion, Illinois has a population of 2,122. Albion is more family-centric than the surrounding county with 31.47% of the households containing married families with children. The county average for households married with children is 28.75%.
The median household income in Albion, Illinois is $48,603. The median household income for the surrounding county is $55,833 compared to the national median of $69,021. The median age of people living in Albion is 38.4 years.
The average high temperature in July is 88.3 degrees, with an average low temperature in January of 22.2 degrees. The average rainfall is approximately 45.8 inches per year, with 11.2 inches of snow per year.
