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    2730 Philo Rd Urbana, IL 61802

    Sponsored
    For Sale
    $351,965

    Prime 1.01-acre commercial lot in Urbana, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.01-acre commercial lot, located at 2730 Philo Rd, Urbana, IL 61802 (APN 932128201003), presents a unique investment opportunity. Situated within the highly desirable Stone Creek Commons, a Class A office park in southeast Urbana, this fee-simple property boasts a prime location at the signalized intersection of Windsor Road and Boulder Drive, ensuring exceptional visibility. The lot is zoned B3 and is part of the Urbana Enterprise Zone, offering potential tax advantages. Stone Creek Commons features attractive amenities including walking trails, ponds, mature trees, and meticulous landscaping. The property's strategic location offers excellent access to major thoroughfares and a strong surrounding commercial base, including the adjacent Pines retail center (anchored by Busey Bank, Monical's, Subway, and others), Carle Hospital, Christie Clinic, Meijer, and Little Hearts and Hands. The proximity to significant residential areas and the Atkins Golf Club at the University of Illinois further enhances its appeal. Build-to-suit options are available, making this lot ideal for retail development, potentially including drive-through capabilities. This shovel-ready lot represents a compelling opportunity for businesses seeking high visibility and convenient access in a thriving community. The asking price is $351,965.

    Property Features for 2730 Philo Rd

    General Information

    Property type
    Land
    Lot Size
    43,996 SF

    HighLights

    • Shovel‑ready site.
    • High‑visibility location at a signalized intersection.
    • Excellent frontage on Windsor Road.
    • Located within an Enterprise Zone.
    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
    -88.188761
    Latitude
    40.0834522

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    FAQs

    What type of property is this?
    Land - Prime 1.01-acre commercial lot in Urbana, IL
    Where is this land located?
    The property is located at 2730 Philo Rd Urbana, IL.
    What is the asking price?
    The asking price for this property is $351,965.
    What are key features of this property?
    This property features: Shovel-ready site.; High-visibility location at a signalized intersection.; Excellent frontage on Windsor Road.
    (217) 355-2545
    Request Owner's contact information
    2730 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
    2730 Philo Rd Urbana, IL 61802
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