218 West Main Street

218 West Main Street has been categorized by the local assessors in Urbana, IL as a commercial type of property. The area measurement of the land has been determined as 5,307 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Jul 11, 2023 for $940,000. 218 West Main Street was last assessed in 2022. The total value of the property was assessed at $127,110. Specifically, the land the property is located on was valued at $36,080. While improvements on the property were assessed at a total of $91,030. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $13,758. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!