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    1717 Philo Rd Urbana, IL 61802

    Sponsored
    For Lease
    $12 SF/Yr

    Flexible office suites near UIUC

    Lot size:
    80,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Sunnycrest Center, located at 1717 Philo Rd, Urbana, IL 61802, offers flexible office spaces for lease. This two-story, 80,000 square foot building, constructed in 1969 and renovated in 1999, provides a variety of options, ranging from 230 to 820 contiguous square feet. Currently, 2,358 square feet are vacant. The property features ample parking with 237 spaces, although elevators are not available. The building is zoned B-3 General Business (APN: 93-21-21-126-047) and offers fiber internet connectivity. Available suites include two second-floor offices (215/217), totaling 820 square feet, which can be leased separately or together. The larger office (approximately 590 sq ft) includes a water access point. Shared restrooms are available in the common area. Lease terms are modified gross, with utilities (gas, electricity, water) billed back to tenants proportionally. Pricing is flexible, starting at $12.50 per square foot, depending on the specific suite. The building's prime location at the southwest corner of Philo and Florida Avenues places it five minutes from the University of Illinois campus and near numerous retailers including McDonald's, Papa John's, Planet Fitness, Walgreens, Burger King, and more. The surrounding area includes residential subdivisions and apartment complexes, ensuring a strong tenant base. The Sunnycrest Center is also home to several established businesses, including Bradley Learning Center and State Universities Civil Service System.

    Property Features for 1717 Philo Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    80,000 SF
    Total Rate
    83333.33

    Building Details

    Year Built/Renovated
    1969/1999
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 215/ 217
    Size
    820 SF
    Rate per SF
    $12

    HighLights

    • Ample on‑site parking.
    • Flexible space available for both office and retail uses.
    • Prime location in Urbana's Sunnycrest Center, situated on a major thoroughfare.
    • Convenient proximity to the University of Illinois, less than 5 minutes away.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vigo Money Transfer Service IUOE Labor Union Midwest Scuba Center Dive Shop Civil Service System State Government Office Vital Flow CU Massage Therapist

    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
    -88.1923891
    Latitude
    40.0971374

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    FAQs

    What type of property is this?
    Office space - Flexible office suites near UIUC
    Where is this office space located?
    The property is located at 1717 Philo Rd Urbana, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Ample on-site parking.; Flexible space available for both office and retail uses.; Prime location in Urbana's Sunnycrest Center, situated on a major thoroughfare.
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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
    1717 Philo Rd Urbana, IL 61802
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