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    1110 Philo Rd Urbana, IL 61801

    For Lease
    $9 SF/Yr ($6,885 /Mo)

    9,180 SF retail building available for lease in Urbana.

    Property size:
    9,180 SF
    Lot size:
    1.39 Acres

    Property Features for 1110 Philo Rd

    General Information

    Size
    9,180 SF
    Lot size
    1.39 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 Building in Urbana, Illinois

    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. Situated on 1.17 acres, the building's ceiling height measures 11 feet 6 inches to the drop ceiling, with a clear height of 12 feet 6 inches and a height to the deck of 15 feet 4 inches. While the building currently lacks an overhead door, one could be installed. Expenses for the property amount to $4.05 per square foot for real estate taxes and building insurance. As a single tenant building, CAM has been the responsibility of the Lessee. The current tenant's lease is set to expire in June 2025.
    Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.1918386
    Latitude
    40.1041298

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    FAQs

    What type of property is this?
    Retail space - 9,180 SF retail building available for lease in Urbana.
    Where is this retail space located?
    The property is located at 1110 Philo Rd Urbana, IL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - 9,180 SF building on 1.17 acres.; - Open retail floor plan with 720 SF of back storage, restrooms, and office.; - Located in a high-traffic area with excellent visibility.
    (217) 821-8553
    Request Owner's contact information
    1110 Philo Rd Urbana, IL 61801
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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
    1110 Philo Rd Urbana, IL 61801
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