Retail Building in
1110 S Philo Rd, Urbana, IL 61801
9,180 SF retail building on 1.17 acres.
Type:Retail
Property size:
9,180 SFLot size:
1.17 AcresPrice / SF:
$105/SF- Added:
- Feb 23, 2026
- Days on Market:
- 87
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 1110 S Philo Rd
General Information
- Standard status
- Active
- Size
- 9,180 SF
- Lot size
- 1.17 Acres
- Property subtype
- Retail
Listing agent Zach Wetherell License #IL
Listing office Coldwell Banker Commercial Devonshire Realty
Listing date Feb 23, 2026
Source Crexi
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
HighLights
- 9,180 SF building on 1.17 acres.
- Located along the Philo Road retail corridor in southeast Urbana.
- Open retail floor plan with 720 SF of back storage.
- Clear ceiling height of 12'6".
- Constructed in 2009.
- Opportunity to install an overhead door.
Overview
Constructed in 2009, this 9,180 square foot building features an open retail floor plan, a 720 square foot back storage area, restrooms, and an office. The ceiling height to the drop ceiling is 11 feet 6 inches, with a clear height of 12 feet 6 inches and a height to deck of 15 feet 4 inches. The building is situated on a 1.17-acre lot. While the building does not currently have an overhead door, one could be installed. The property's expenses include real estate taxes and building insurance, totaling $4.05 per square foot. CAM has been the responsibility of the lessee as a single tenant building. The property is located along the Philo Road retail corridor in southeast Urbana, between Washington Street and Florida Avenue.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$862.4K
NOI $77,613 @ 9.00% cap · cautious / downside scenario
Moderate
$1.11M
NOI $77,613 @ 7.00% cap · market / base-case scenario
Aggressive
$1.55M
NOI $77,613 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| 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 Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.1918386
- Latitude
- 40.1041298
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 9,180 SF retail building on 1.17 acres.
Where is this retail space located?
The property is located at 1110 S 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: 9,180 SF building on 1.17 acres.; Located along the Philo Road retail corridor in southeast Urbana.; Open retail floor plan with 720 SF of back storage.
