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    1803-1809 Philo Rd Urbana, IL 61802

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    For Lease
    $10 SF/Yr ($1,270 /Mo)

    Retail space with drive-through capabilities, signage available.

    Property size:
    1,525 SF
    Lot size:
    1.22 Acres

    Property Features for 1803-1809 Philo Rd

    General Information

    Size
    1,525 SF
    Lot size
    1.22 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Zach Wetherell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on Philo Road

    Suite F is situated on the south side of the building, facing Salt & Light. Previously occupied by a dry cleaner and, most recently, a dog grooming business, the space features an open front area and a rear section. A restroom and storage room are located in the back. The 1,525 square-foot space is suitable for retail use and offers drive-through capabilities. Signage opportunities are available along Philo Road. The anchor tenant of the center is Planet Fitness.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.1920683
    Latitude
    40.0963054

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    FAQs

    What type of property is this?
    Retail space - Retail space with drive-through capabilities, signage available.
    Where is this retail space located?
    The property is located at 1803-1809 Philo Rd Urbana, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Drive-through capabilities; - Located in a retail area with signage available along Philo Rd.; - Anchor tenant is Planet Fitness
    (217) 821-8553
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    1803-1809 Philo Rd Urbana, IL 61802
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1803-1809 Philo Rd Urbana, IL 61802
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