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    1806 Philo Rd Urbana, IL 61802

    Sponsored
    For Sale
    $265,000

    High-visibility lot, B-3 zoning, business incentives.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 265,000 USD commercial land parcel is ideally situated in Urbana, Illinois's vibrant East Urbana Commercial District, at 1806 S Philo Rd, 61802. Boasting a highly visible location on Philo Road, just south of Florida Avenue, this property offers unparalleled access to a thriving business community and the University of Illinois campus. The B-3 zoning allows for a wide range of commercial uses, making it a versatile investment opportunity. The property's strategic placement ensures high traffic visibility, benefiting from proximity to established businesses such as McDonald's, Burger King, and Walgreens. Furthermore, the East Urbana Commercial District actively promotes business growth through various incentives, presenting a compelling advantage for prospective developers and entrepreneurs. The APN is 93-21-21-201-016. This prime location and the potential for significant returns make this a truly exceptional opportunity. Don't miss out on this chance to secure a piece of Urbana's thriving commercial landscape.

    Property Features for 1806 Philo Rd

    General Information

    Property type
    Land

    HighLights

    • 265,000 USD commercial land parcel in Urbana, IL's East Urbana Commercial District.
    • Located at 1806 S Philo Rd, 61802, with high visibility on Philo Rd, south of Florida Ave.
    • B‑3 zoning allows diverse commercial uses.
    • High traffic area near McDonald's, Burger King, and Walgreens.
    • East Urbana Commercial District offers business growth incentives.
    • APN: 93‑21‑21‑201‑016.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.190676728315
    Latitude
    40.096429295053

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    FAQs

    What type of property is this?
    Land - High-visibility lot, B-3 zoning, business incentives.
    Where is this land located?
    The property is located at 1806 Philo Rd Urbana, IL.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: 265,000 USD commercial land parcel in Urbana, IL's East Urbana Commercial District.; Located at 1806 S Philo Rd, 61802, with high visibility on Philo Rd, south of Florida Ave.; B-3 zoning allows diverse commercial uses.
    (217) 352-7712
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    1806 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
    1806 Philo Rd Urbana, IL 61802
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