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    2810 Philo Rd Urbana, IL 61801

    Sponsored
    For Sale
    $1,049,796

    4.82-acre commercial lot in prime Urbana location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.82-acre commercial lot, located at 2810 S Philo Road in Urbana, Illinois (APN 932128201008), presents a unique investment opportunity. Zoned B3, this fee simple property is situated within the highly desirable Stone Creek Commons, a Class A office park boasting walking trails, ponds, mature trees, and meticulous landscaping. The lot enjoys excellent visibility and accessibility, offering frontage along Philo Road, just south of the major Windsor Road intersection, a key arterial connecting Champaign and Urbana. Its location within the Urbana Enterprise Zone offers potential tax advantages. The property benefits from its proximity to The Pines retail center, home to established businesses such as Busey Bank, Monical's Pizza, Subway, and Casa Del Mar, ensuring high traffic and visibility. Furthermore, its strategic location places it near significant medical facilities like Carle Hospital and Christie Clinic, major retailers like Meijer, and substantial residential areas, including the Atkins Golf Club at the University of Illinois. The property is considered "shovel ready," making it ideal for immediate development. Build-to-suit options are available. This is an exceptional opportunity to acquire a prime commercial lot in a thriving area with strong existing infrastructure and high growth potential. The asking price is $1,049,796.

    Property Features for 2810 Philo Rd

    General Information

    Property type
    Land
    Lot Size
    209,959 SF

    HighLights

    • Shovel‑ready site.
    • Enterprise Zone designation.
    • Located in Stone Creek Commons, adjacent to The Pines retail center.
    • Prime location near Windsor and Philo Roads intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.1904888
    Latitude
    40.0823593

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    FAQs

    What type of property is this?
    Land - 4.82-acre commercial lot in prime Urbana location.
    Where is this land located?
    The property is located at 2810 Philo Rd Urbana, IL.
    What is the asking price?
    The asking price for this property is $1,049,796.
    What are key features of this property?
    This property features: Shovel-ready site.; Enterprise Zone designation.; Located in Stone Creek Commons, adjacent to The Pines retail center.
    (217) 355-2545
    Request Owner's contact information
    2810 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
    2810 Philo Rd Urbana, IL 61801
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