Single-Tenant Retail
For Sale
Contact for pricing
1110 Philo Rd, Urbana, IL 61802
Single-tenant retail building with an open sales floor, back storage, restrooms, and office space.
Property Size9,180 SF
Lot Size1.17 Acres
Price / SF$105.12
Days on Market23
Property Features for 1110 Philo Rd
General Information
Standard status
Active
Size
9,180 SF
Lot size
1.17 Acres
Property subtype
RETAIL
Additional Details
Clear Height
12.5 ft
Building Details
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 821-8553
Listed By:
Zach Wetherell
(217) 821-8553
Source:
Moodyscre
Added: Jul 10
Changed: Jul 25
Last Checked: Jul 25 at 3:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Devonshire Realty
Investment Insights
Based on property information with market context.
This single-tenant retail building features an open retail floor plan along with 720 SF of back storage area. The space includes restrooms and an office, with ceiling height of 11’6” to the drop ceiling, 12’6” clear height, and 15’4” height to deck.
The building does not currently have an overhead door, though one could be installed. It sits on 1.17 acres.
Operating expenses for real estate taxes and building insurance are listed at $4.05/SF, and CAM has been the responsibility of the lessee as a single-tenant building.
The building does not currently have an overhead door, though one could be installed. It sits on 1.17 acres.
Operating expenses for real estate taxes and building insurance are listed at $4.05/SF, and CAM has been the responsibility of the lessee as a single-tenant building.
Key Highlights
- Single‑tenant retail building with open sales floor plus back storage, restrooms, and office space
- Includes 720 SF of back storage area
- Ceiling height to drop ceiling is 11'6", clear height is 12'6", and height to deck is 15'4"
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.2k | $13.20 |
| − Vacancy | −$10.3k | −$1.12 |
| EGI | $110.9k | $12.08 |
| − OpEx | −$33.3k | −$3.62 |
| NOI | $77.6k | $8.45 |
9,180 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.11M
$970.2K – $1.29M
NOI $77,613 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,690 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 46%
Electronics 5%
McDonald's
Dining
15,593 visits/mo
0.3 miles
Dollar Tree
Shops & Services
8,900 visits/mo
0.1 miles
Marathon
Shops & Services
6,061 visits/mo
0.4 miles
BP
Shops & Services
4,309 visits/mo
0.2 miles
Papa John's Pizza
Dining
2,200 visits/mo
0.4 miles
Demographics for 61802, IL
19,460
Population
10,066
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
82.1 sq mi
ZIP Area
237
Density / Sq Mi
$58,588
Median Household Income
$40,600
Median Earnings
$996
Median Rent
$158,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant retail building with an open sales floor, back storage, restrooms, and office space.
Where is this retail space located?
The property is located at 1110 Philo Rd Urbana, IL.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Single‑tenant retail building with open sales floor plus back storage, restrooms, and office space; Includes 720 SF of back storage area; Ceiling height to drop ceiling is 11'6", clear height is 12'6", and height to deck is 15'4"
