1490 E US Highway 36, Urbana, OH 43078 (MLS# 225045178)

1490 E US Highway 36, Urbana, OH 43078

$1,200,000

Property Type: Commercial Square Footage: 15,988 Lot Size (sq. ft.): 41,382 Status: Closed

Current Price: $1,200,000 List Date: 12/09/2025 Last Modified: 3/29/2026

Overview

Description

Prime investment opportunity with tremendous upside! This two-story commercial building features 40 units and offers solid fundamentals along with a versatile blank canvas for cosmetic upgrades and creative rebranding. The property provides an operator with a wide range of possibilities to elevate rents, modernize interiors, and unlock additional revenue streams. Key features include an onsite laundry facility with commercial grade plumbing and venting, ample private parking, and a lobby and reception area with an entrance highlighted by a covered porte-cochere. A rare opportunity to acquire a well maintained asset with substantial potential for growth and income enhancement.

Listing Details MLS# 225045178

Location Property Info

Original List Price: 1200000
Property Sub Type: Mixed Use
Street #: 1490
Street PreDirection: E
Street Name: US Highway 36
County: Champaign
State: OH
Zip Code: 43078
Township: Urbana

OfficeContract Info

MLS Entry Date: 2025-12-07

General Property Info

Total SqFt Available: 15988
Bldg Sq Ft: 15988
Max Cont Sqft Avail: 15988
Minimum Sqft Avail: 15998
# of Floors Above Gr: 2
Year Built: 1999
Acreage: 0.95
# of Docks: 0

Tax Info

Parcel #: K48-25-11-03-47-005-00
Tax Year: 2025
Tax Abatement: No
Taxes (Yrly): 16322

Status Change Info

Under Contract Date: 2026-03-24
Sold Date: 2026-03-27
Sold Price/SqFt: 75.06

Auction Info

Auction/Online Bidding Y/N: No

More Information

Location & Property Info

List Price/SqFt: 75.06
City (Mailing Addr): Urbana
Corp LimitPerAuditor: Urbana

Office/Contract Info

For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0

Remarks & Misc

Property Description: Prime investment opportunity with tremendous upside! This two-story commercial building features 40 units and offers solid fundamentals along with a versatile blank canvas for cosmetic upgrades and creative rebranding. The property provides an operator with a wide range of possibilities to elevate rents, modernize interiors, and unlock additional revenue streams. Key features include an onsite laundry facility with commercial grade plumbing and venting, ample private parking, and a lobby and reception area with an entrance highlighted by a covered porte-cochere. A rare opportunity to acquire a well maintained asset with substantial potential for growth and income enhancement.

Income/Expenses

Gross Income: 0
Net Operating Income: 0
Total Expenses: 0

Addl Acceptance Cond

None Known: Yes

T Reimburses L

Curr Yr Est $/SF TRL: 0

Construction

Brick: Yes
Other: Yes

Heat Fuel

Electric: Yes
Gas: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Services Available

Electricity Available: Yes
Natural Gas Available: Yes
Sewer Available: Yes
Storm Sewer: Yes
Water Available: Yes

New Financing

Conventional: Yes

Business Type

Hotel/Motel: Yes
Professional/Office: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Heat Fuel: Electric; Gas Water Source: Public Sewer: Public Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Construction: Brick; Other Business Type: Hotel/Motel; Professional/Office New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Listing Office: REMAX Alliance Realty

Listing Agent: V. Patrick Hamilton

Last Updated: March - 29 - 2026

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.