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    2500 Philo Rd Urbana, IL 61802

    Sponsored
    For Lease
    Contact for pricing

    Urbana, IL: 694 sq ft retail space

    Lot size:
    694 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail opportunity is located inside a high-traffic Meijer store in Urbana, Illinois. The 694 square foot space offers a prime, front-of-store location with unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept provides a range of benefits, including a highly visible location, exposure to Meijer's substantial customer base, and an all-inclusive monthly fee covering real estate taxes, property insurance, CAM, and utilities. Branding opportunities are available both inside and outside the space. The property is situated in a thriving trade area with a desirable customer demographic. This space is ideal for a variety of businesses, including financial institutions, food and beverage establishments, service businesses, and health and wellness providers. The property is located at 2500 Philo Rd, Urbana, IL 61802, in Champaign County. This is a unique opportunity to establish your business within one of the Midwest's most recognizable retail destinations. The space is currently vacant and ready for immediate occupancy.

    Property Features for 2500 Philo Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    694 SF

    Unit(s) available at that property

    Space
    Suite- FD
    Size
    694 SF

    HighLights

    • High‑traffic, highly visible 694 SF retail space in a Meijer store.
    • Access to thousands of weekly customers.
    • Fixed monthly rent includes real estate taxes, insurance, CAM, and utilities.
    • Interior and exterior branding opportunities available.
    • Excellent location with strong demographics.
    • Multiple Meijer in‑store vacancies available throughout the Midwest.
    Property Profile Location Intelligence

    Current Use by Public Records

    Meijer Pharmacy Pharmacy Western Union Money Transfer Service Quick-Tag Pet Supply Store higi Health Consultant Coinhub Bitcoin ATM ... Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.18802459135
    Latitude
    40.085979955759

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    FAQs

    What type of property is this?
    Retail property - Urbana, IL: 694 sq ft retail space
    Where is this retail property located?
    The property is located at 2500 Philo Rd Urbana, IL.
    What are key features of this property?
    This property features: High-traffic, highly visible 694 SF retail space in a Meijer store.; Access to thousands of weekly customers.; Fixed monthly rent includes real estate taxes, insurance, CAM, and utilities.
    Request Owner's contact information
    2500 Philo Rd Urbana, IL 61802
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    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
    2500 Philo Rd Urbana, IL 61802
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