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    2740 Philo Rd Urbana, IL 61801

    Sponsored
    For Lease
    $16 SF/Yr

    1,625 SF Move-in Ready Office Space

    Lot size:
    1,625 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,625-square-foot Class A creative office space, located at 2740 S Philo Rd, Suite A, Urbana, IL 61801, is situated within the thriving Pines at Stone Creek Commons. Built in 2007, this single-story building is part of a two-building complex and offers a prime location at the intersection of Windsor and Philo Roads, benefiting from high traffic counts. The property's zoning is commercial (APN 932128201004), and its convenient location is near major anchors such as Meijer, Christie Clinic, Carle Clinic, and Little Hearts and Hands, ensuring consistent foot traffic. Previously a fast-casual sandwich shop, Suite A features an open floor plan, two restrooms, existing kitchen sinks, and space for an exhaust hood. The property owner can facilitate the addition of a drive-through or pick-up lane, adding significant value to this endcap suite. The suite enjoys high visibility facing Windsor Road, and all other suites in the complex are currently leased. This move-in ready space presents a fantastic opportunity for a variety of businesses. No elevators are present.

    Property Features for 2740 Philo Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,625 SF
    Class
    A

    Building Details

    Year Built
    2007
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,625 SF
    Rate per SF
    $16

    HighLights

    • Move‑in ready 1,625 SF Class A creative office space.
    • Located in the Pines at Stone Creek Commons, Urbana, IL.
    • Managed by Fairlawn Real Estate.
    • Attractive landscaping and outdoor seating space available.
    • Drive‑thru lane addition possible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dan Punkay - COUNTRY ... Insurance Agency Kinex Fitness Studios Personal Trainer Hanger Clinic: Prosthetics ... Orthotics & Prosthetics Service Tony Wesselman - COUNTRY ... Insurance Agency Proders Car Towing's ... Towing Equipment Provider

    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
    -88.189430665626
    Latitude
    40.083227091833

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    FAQs

    What type of property is this?
    Restaurant - 1,625 SF Move-in Ready Office Space
    Where is this restaurant located?
    The property is located at 2740 Philo Rd Urbana, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Move-in ready 1,625 SF Class A creative office space.; Located in the Pines at Stone Creek Commons, Urbana, IL.; Managed by Fairlawn Real Estate.
    Request Owner's contact information
    2740 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
    2740 Philo Rd Urbana, IL 61801
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