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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.

    Savoy, IL Commercial Space
    Savoy, IL Commercial Space

    501 Commerce Drive, Savoy, IL 61874

    $1,850,000
    3,365 sqft 1.30 AC lot

    Prime commercial space in a thriving Savoy location!

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    Prime Commercial Lot in Savoy
    Prime Commercial Lot in Savoy

    103 Calvin Street, Savoy, IL 61874

    $125,000
    3,800 sqft 0.33 AC lot

    Last available lot in a thriving Savoy commercial area.

    View details
    Downtown Urbana Office/Warehouse Building
    Downtown Urbana Office/Warehouse Building

    508 S Broadway Ave Urbana IL, Urbana, IL 61801

    $1,152,375
    9,251 sqft 0.63 AC lot

    Professional office building with warehouse space in downtown Urbana.

    View details
    Urbana Office Building For Sale
    Urbana Office Building For Sale

    1405 E Florida, Urbana, IL 61801

    $295,000

    Office building for sale in Urbana's South end.

    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.

    Savoy, IL Commercial Development Land
    Savoy, IL Commercial Development Land

    612 CLARENDON Court, Savoy, IL 61874

    $450,000
    5,000 sqft 1.97 AC lot

    1.97-acre commercial parcel in high-growth Savoy corridor.

    View details
    Prime Land Near University
    Prime Land Near University

    1301 N Lincoln Avenue, Urbana, IL 61801

    $1,200,000
    3.12 AC lot

    3.12-acre parcel near the University of Illinois.

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    Champaign Commercial Land For Sale
    Champaign Commercial Land For Sale

    4202 Nicklaus Drive, Champaign, IL 61822

    $750,000
    1.92 AC lot

    1.92-acre commercial lot in desirable Champaign location.

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    Prime Commercial Land in Champaign
    Prime Commercial Land in Champaign

    803 N Mattis Avenue, Champaign, IL 61821

    $465,000
    1.89 AC lot

    1.89-acre commercial land in high-visibility Champaign location.

    View details

    Philo, IL Office Spaces Market Trends and Statistics

    Explore 1 office spaces 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 office spaces 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 1

    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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