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    Philo, IL
    Mixed-Use

    Philo, IL Mixed-use Properties for Sale

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    Versatile Commercial Space in Philo
    Updated: May 18
    Versatile Commercial Space in Philo

    204 Monroe Street, Philo, IL 61864

    $495,000
    41,247 sqft
    Highly visible location with strong street presence
    Flexible interior layout suitable for various business types
    Ready for immediate use with a mix of open workspace and private offices
    Newer HVAC system (approximately 3 years old)
    Fiber internet wiring and split AC system in the server room
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Philo, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Restaurant with Loft Potential
    Turn-Key Restaurant with Loft Potential

    101 W Sale Street, Tuscola, IL 61953

    $400,000
    0.07 AC lot

    Turn-key restaurant on the main level with residential space above, including an almost-finished apartment and unfinished loft area.

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    1913 Historic Mixed-Use Building
    1913 Historic Mixed-Use Building

    41 E. University Avenue, Champaign, IL 61820

    $3,850,000
    0.29 AC lot

    Built in 1913 with large windows and includes off-street parking plus ground-floor retail alongside office and residential space.

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    Historic Mixed-Use Building in Champaign
    Historic Mixed-Use Building in Champaign

    41 E. University Avenue, Champaign, IL 61820

    $3,850,000
    22,052 sqft

    Historic building with retail, residential, and office space.

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    Tuscola Commercial Building Opportunity
    Tuscola Commercial Building Opportunity

    901 E Southline Road, Tuscola, IL 61953

    $365,000

    Large, open concept building in prime Tuscola location.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    3131 Hollis Drive Unit 2-007, Springfield, IL 62707

    $125,453

    Development opportunity in southwest Springfield near White Oaks Mall.

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    Glen Avenue Commercial Development Opportunity
    Glen Avenue Commercial Development Opportunity

    1105 W Glen Ave, Peoria, IL 61614

    $275,000
    0.80 AC lot

    Prime commercial land for development in Peoria's retail corridor.

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    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    8215 N ALLEN Road, Peoria, IL 61615

    $1,300,000
    2.92 AC lot

    3-acre commercial land in high-traffic Peoria area.

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    Commercial Development Land with Dual Frontage
    Commercial Development Land with Dual Frontage

    4833 W Arlington Road, Bloomington, IN 47404

    $1,700,000
    8.58 AC lot

    Commercially zoned acreage with dual road frontage and existing structure ready for demolition or reuse.

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    Philo, IL Mixed-Use Properties Market Trends and Statistics

    Explore 1 mixed-use properties for sale in Philo, IL on our real estate platform. These investment opportunities span a total of 41,247 square feet of properties for sale, with an estimated market value of $495,000.

    Sale prices for multi use buildings in Philo, IL start at $495,000, averaging $495,000, and reaching up to $495,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 1,714
    Population Growth (5Y) -0.3%
    Median Household Income $91,827
    College Educated 36.4%

    High-Yield Neighborhoods for Investment

    Identify Philo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61864 $495K

    Taxes & Financing

    Tax Rate (average for all types) 6.20%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Champaign County

    New Delisted

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