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3000 Philo Rd Urbana, IL 61801

For Sale
$2,654,982

24 Acres, Prime Residential Location

Description

Added:
Dec 11, 2024
Days on Market:
368
This exceptional 24.38-acre parcel presents a remarkable opportunity for multi-family development in Urbana, Illinois. Situated within the desirable Stone Creek Commons area, this fee-simple property boasts three parcels offering frontage onto a picturesque pond. Its convenient location places it within walking distance of The Pines retail center, providing future residents with easy access to shopping, dining, and essential services. Stone Creek Commons itself features attractive amenities including two ponds, walking trails, mature trees, and landscaped areas, enhancing the overall appeal and livability of the community. The property enjoys excellent connectivity via Windsor Road, a major arterial street providing direct access to Champaign, Urbana, and the University of Illinois. Nearby amenities include Meijer, Carle Clinic, Christie Clinic, and Little Heart and Hands Daycare, catering to a wide range of resident needs. The surrounding area is characterized by established residential neighborhoods and is conveniently located near the Atkins Golf Club. The property is zoned Residential 4 and includes parcels 93-12-28-200-018, 019, and 035. This prime location, coupled with its substantial size and desirable features, makes this an exceptional investment opportunity for developers seeking to create a thriving multi-family community. The asking price is $2,654,982.

Property Features for 3000 Philo Rd

General Information

Property type
Multifamily properties
Lot Size
1,061,993 SF

HighLights

  • $2,654,982 asking price.
  • 24.38 acres of multi‑family development land.
  • Residential 4 zoning.
  • Located in Urbana, IL, near Windsor and Philo Roads.
  • Fee simple ownership.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

High-rise multifamily apartments

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy Wholesale Shop

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

Location Insight

  • Map
  • Local Demand
City
Urbana
County
Champaign
State
Illinois
Longitude
-88.188519
Latitude
40.079518

FAQs

What type of property is this?
Multifamily property - 24 Acres, Prime Residential Location
Where is this multifamily property located?
The property is located at 3000 Philo Rd Urbana, IL.
What is the asking price?
The asking price for this property is $2,654,982.
What are key features of this property?
This property features: $2,654,982 asking price.; 24.38 acres of multi-family development land.; Residential 4 zoning.
More about this property
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