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    1901 Philo Rd Urbana, IL 61802

    Sponsored
    For Lease
    Contact for pricing

    Prime Urbana retail space available.

    Lot size:
    6,617 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Urbana, Illinois retail strip center at 1901 S Philo Rd offers a significant leasing opportunity. The property encompasses 6,617 square feet, with 3,428 square feet currently vacant and available for lease. This sizable space provides flexibility for a variety of retail or commercial uses. The building sits on a 0.71-acre lot and includes 47 parking spaces, ensuring ample customer convenience. The maximum contiguous space available is 3,428 square feet, ideal for a single tenant seeking high visibility and accessibility. The property's modern design and adaptable layout allow for efficient floor planning and customizable interiors to suit specific business needs. Its strategic location in Urbana, IL (zip code 61802) promises high foot traffic and excellent brand exposure. This is an exceptional chance to establish a strong presence in a thriving market. The property's modern amenities and professional exterior create an inviting atmosphere for customers. Don't miss this chance to secure a prominent retail space in a desirable location.

    Property Features for 1901 Philo Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,617 SF

    Unit(s) available at that property

    Space
    Suite B
    Size
    3,428 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Dotty's Gambling House Jackpot Deli Deli ATM (ATM Link, ... Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.190901766953
    Latitude
    40.094757673367

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Urbana retail space available.
    Where is this neighborhood center located?
    The property is located at 1901 Philo Rd Urbana, IL.
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    1901 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
    1901 Philo Rd Urbana, IL 61802
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