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.
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.
