1720 Philo Rd Urbana, IL 61802
- Commercial real estate
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
-
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