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    1720 Philo Rd Urbana, IL 61802

    Sponsored
    For Lease
    $11 SF/Yr ($11,000 /Mo)

    2,055 SF Office Suite, High Visibility

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,055 square foot Class A retail/office space is located within the Shoppes at the Pointe shopping center in Urbana, Illinois. Built in 2009, the single-story building features a contemporary red brick façade and boasts 15-foot ceilings. The suite offers a large, open showroom with finished flooring, a private back office, and a restroom. Benefit from high visibility with glass frontage facing Philo Road, a major arterial street, and the opportunity for prominent façade signage. Ample parking is available with 90 spaces for customers and employees. The property is zoned B-3 and has a total building size of 12,000 square feet, with a minimum divisible space of 2,055 square feet. This prime location is just five minutes from the University of Illinois campus and is surrounded by numerous residential areas and popular businesses, including McDonald's, Papa John's Pizza, Planet Fitness, Walgreens, Burger King, and CVS Pharmacy. The property's APN is 93-21-21-201-012 in Champaign County. The lease rate is $13.00 per square foot gross. This is an ideal opportunity for a business seeking high visibility and convenient access to a thriving community.

    Property Features for 1720 Philo Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Class
    A
    Total Rate
    11000

    Building Details

    Year Built
    2009
    Stories
    1

    Unit(s) available at that property

    Space
    Suite A
    Size
    2,055 SF
    Rate per SF
    $11

    HighLights

    • 2,055 SF Class A retail/office space in Urbana, IL's Shoppes at the Pointe.
    • High‑traffic location with over 14,000 cars daily at the Philo and Florida intersection.
    • Located near national retailers and restaurants, including McDonald's, Papa John's, and Walgreens.
    • 2009 construction with contemporary design and 15‑foot ceilings.
    • New ownership offering aggressive lease rates of $13.00/SF gross.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flamingo Slots Casino Exotic's Smoke Shop Tobacco Shop Beyond Hair Salon Beauty Salon BLING NAILS & SPA Nail Salon Many Shades 1 ... Dance School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.1907226
    Latitude
    40.0968616

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    FAQs

    What type of property is this?
    Lifestyle center - 2,055 SF Office Suite, High Visibility
    Where is this lifestyle center located?
    The property is located at 1720 Philo Rd Urbana, IL.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 2,055 SF Class A retail/office space in Urbana, IL's Shoppes at the Pointe.; High-traffic location with over 14,000 cars daily at the Philo and Florida intersection.; Located near national retailers and restaurants, including McDonald's, Papa John's, and Walgreens.
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    1720 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
    1720 Philo Rd Urbana, IL 61802
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