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Property profile & analytics

1720 Philo Rd Urbana, IL 61802

  • Commercial real estate
Value Estimation
$640,000
Last Sale
Jan 05, 2022
$647,500
Location Intelligence
Property ID
US28-1802111
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Flamingo Slots / Casino
  • Exotic's Smoke Shop / Tobacco Shop
  • Beyond Hair Salon / Beauty Salon
  • BLING NAILS & SPA / Nail Salon
  • Many Shades 1 Vision Dance Academy / Dance School

Property Details for 1720 Philo Rd

Property type
Commercial real estate
APN
932121201012
APU
932121201012

Description

This exceptional 2,055 square foot Class A retail/office space is located within the Shoppes at the Pointe shopping center in Urbana, Illinois. Built in 2009, the single-story building features a contemporary red brick façade and boasts 15-foot ceilings. The suite offers a large, open showroom with finished flooring, a private back office, and a restroom. Benefit from high visibility with glass frontage facing Philo Road, a major arterial street, and the opportunity for prominent façade signage. Ample parking is available with 90 spaces for customers and employees. The property is zoned B-3 and has a total building size of 12,000 square feet, with a minimum divisible space of 2,055 square feet. This prime location is just five minutes from the University of Illinois campus and is surrounded by numerous residential areas and popular businesses, including McDonald's, Papa John's Pizza, Planet Fitness, Walgreens, Burger King, and CVS Pharmacy. The property's APN is 93-21-21-201-012 in Champaign County. The lease rate is $13.00 per square foot gross. This is an ideal opportunity for a business seeking high visibility and convenient access to a thriving community.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $625,000
  • CAP approach

    CAP return
    Estimation
    6%
    $630,000
    6.5%
    $630,000
    7%
    $600,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $745,000
    Geo Method
    $730,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $480,000
    Retail
    $605,000
    Mixed-Use
    $655,000
    Hospitality
    $665,000
    Educational
    $675,000
    Residential Income
    $500,000
    Energy
    $585,000
    Income-Based Land
    $575,000
    Food Service
    $645,000

Location Insight

  • Map
  • Local Demand
City
Urbana
County
Champaign
State
Illinois
Longitude
-88.1901
Latitude
40.0969
CBSA code
16580
CBSA name
CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,786
$246,290
$33,730
$280,020
-
$738,870
$101,190
$840,060
More about this property
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