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Philo, IL

Philo, IL Commercial Real Estate for Sale

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Peoria, IL Sidney, IL Urbana, IL Tolono, IL Savoy, IL Champaign, IL Saint Joseph, IL Villa Grove, IL

Restored Mixed-Use Building

Updated: Mar 27

Restored Mixed-Use Building

106 Washington Street, Philo, IL 61864

$400,000

2,733 sqft

2,733 SF mixed‑use building with commercial space and a three‑bedroom apartment
Main level configured for salon, retail, and private med spa operations
Three‑bedroom upstairs apartment with new windows and large eat‑in kitchen
Exposed brick walls and luxury vinyl plank flooring on the main level
Tankless water heater, separate furnace, and stacked washer and dryer

This listing looks promising.

Here's a quick look at some key insights for

106 Washington Street, Philo, IL 61864

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Est. Cap Rate

5.8%
NOI ÷ price
Est. NOI

$23K
Annual
Price @ 7% Cap

$330K
Suggested

View Property Analytics

Versatile Commercial Space in Philo

Updated: May 18

Versatile Commercial Space in Philo

204 Monroe Street, Philo, IL 61864

Contact for pricing

41,247 sqft

Highly visible location with strong street presence
Flexible interior layout suitable for various business types
Ready for immediate use with a mix of open workspace and private offices
Newer HVAC system (approximately 3 years old)
Fiber internet wiring and split AC system in the server room

Based on your search, we've compiled 47 Potential Opportunities for your consideration. Besides 2 Active listings in Philo, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 41 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Updated Storefront Property

Updated Storefront Property

4 N Bourne St, Tolono, IL 61880

$74,900

1,579 sqft 0.47 AC lot

Updated retail storefront with a flexible interior layout and an unusually deep lot for added commercial versatility.

Storefront Property with Deep Lot

Storefront Property with Deep Lot

4 N Bourne Street, Tolono, IL 61880

$74,900

0.47 AC lot

Storefront property with a flexible layout, window-unit cooling, and water availability in a commercial zoning district.

Urbana Commercial Lot in Stone Creek

Urbana Commercial Lot in Stone Creek

2810 Boulder Dr, Urbana, IL 61802

Contact for pricing

2.03 AC lot

2.03-acre commercial lot in southeast Urbana's Stone Creek Commons.

Urbana Commercial Lot For Sale

Urbana Commercial Lot For Sale

2601 S High Cross Rd, Urbana, IL 61802

Contact for pricing

6.53 AC lot

6.53-acre commercial lot at Windsor & High Cross Road.

Off-Market Properties in Philo, IL

Consider similar Off-Market properties in Philo, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

308 Lincoln St

COMMERCIAL (GENERAL)

308 Lincoln St, Philo, IL 61864-9634

$255,000

Estimated value

103 Grant St

COMMERCIAL (GENERAL)

103 Grant St, Philo, IL 61864-9717

Value Estimation by Request

112 Washington St

COMMERCIAL (GENERAL)

112 Washington St, Philo, IL 61864-9001

$250,000

Estimated value

202 Washington St

COMMERCIAL (GENERAL)

202 Washington St, Philo, IL 61864

$500,000

Estimated value

Philo, IL 61864

COMMERCIAL (GENERAL)

Philo, IL 61864

Value Estimation by Request

Philo, IL 61864

COMMERCIAL (GENERAL)

Philo, IL 61864

$630,000

Estimated value

0.69 AC lot

Philo, IL 61864

COMMERCIAL (GENERAL)

Philo, IL 61864

$245,000

Estimated value

1.90 AC lot

Philo, IL 61864

COMMERCIAL (GENERAL)

Philo, IL 61864

Value Estimation by Request

1845 County Rd 300th N

COMMERCIAL (GENERAL)

1845 County Rd 300th N, Philo, IL 61864-9705

$50,000

Estimated value

1.88 AC lot

105 Harrison St

COMMERCIAL (GENERAL)

105 Harrison St, Philo, IL 61864-9202

Value Estimation by Request

122 Washington St

COMMERCIAL (GENERAL)

122 Washington St, Philo, IL 61864-9720

$55,000

Estimated value

124 Washington St

COMMERCIAL (GENERAL)

124 Washington St, Philo, IL 61864-9720

$55,000

Estimated value

207 Washington St

COMMERCIAL (GENERAL)

207 Washington St, Philo, IL 61864-4500

$55,000

Estimated value

102 Lincoln St

COMMERCIAL (GENERAL)

102 Lincoln St, Philo, IL 61864-9207

$325,000

Estimated value

120 Washington St

COMMERCIAL (GENERAL)

120 Washington St, Philo, IL 61864-9720

Value Estimation by Request

101 Grant St

COMMERCIAL (GENERAL)

101 Grant St, Philo, IL 61864-9717

$260,000

Estimated value

0.23 AC lot

204 Monroe St

COMMERCIAL (GENERAL)

204 Monroe St, Philo, IL 61864-9229

$345,000

Estimated value

Philo, IL 61864

COMMERCIAL (GENERAL)

Philo, IL 61864

Value Estimation by Request

8.90 AC lot

407 Lincoln St

COMMERCIAL (GENERAL)

407 Lincoln St, Philo, IL 61864-5506

$260,000

Estimated value

0.75 AC lot

307 Lincoln St

COMMERCIAL (GENERAL)

307 Lincoln St, Philo, IL 61864-9511

$335,000

Estimated value

1.27 AC lot

101 Washington St

COMMERCIAL (GENERAL)

101 Washington St, Philo, IL 61864-9002

$275,000

Estimated value

105 Washington St

COMMERCIAL (GENERAL)

105 Washington St, Philo, IL 61864-9715

Value Estimation by Request

Philo, IL Commercial Real Estate Market Trends and Statistics

Explore 43 commercial real estate for sale in Philo, IL on our real estate platform. These investment opportunities span a total of 43,980 square feet of properties for sale, with an estimated market value of $400,000.

Sale prices for business properties in Philo, IL average $400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 1,714

Population Growth (5Y) -0.3%

Median Household Income $91,827

College Educated 36.4%

Taxes & Financing

Tax Rate (average for all types) 6.20%

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Champaign County

New Delisted

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