1717 Philo Rd Urbana, IL 61802
- Commercial real estate
- 0.61 lot acres
Current Use by Public Records
- Vigo / Money Transfer Service / Money Order Service
- IUOE / Labor Union
- Midwest Scuba Center / Dive Shop / Scuba Instructor
- Civil Service System / State Government Office / Association Or Organization
- Vital Flow CU / Massage Therapist
Property Details for 1717 Philo Rd
- Lot size
- 0.61 lot acres
- Property type
- Commercial real estate
- APN
- 932121126029
- APU
- 932121126029
Description
Sunnycrest Center, located at 1717 Philo Rd, Urbana, IL 61802, offers flexible office spaces for lease. This two-story, 80,000 square foot building, constructed in 1969 and renovated in 1999, provides a variety of options, ranging from 230 to 820 contiguous square feet. Currently, 2,358 square feet are vacant. The property features ample parking with 237 spaces, although elevators are not available. The building is zoned B-3 General Business (APN: 93-21-21-126-047) and offers fiber internet connectivity. Available suites include two second-floor offices (215/217), totaling 820 square feet, which can be leased separately or together. The larger office (approximately 590 sq ft) includes a water access point. Shared restrooms are available in the common area. Lease terms are modified gross, with utilities (gas, electricity, water) billed back to tenants proportionally. Pricing is flexible, starting at $12.50 per square foot, depending on the specific suite. The building's prime location at the southwest corner of Philo and Florida Avenues places it five minutes from the University of Illinois campus and near numerous retailers including McDonald's, Papa John's, Planet Fitness, Walgreens, Burger King, and more. The surrounding area includes residential subdivisions and apartment complexes, ensuring a strong tenant base. The Sunnycrest Center is also home to several established businesses, including Bradley Learning Center and State Universities Civil Service System.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,445,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,990,000
- 6.5%
- $3,115,000
- 7%
- $3,500,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,460,000
- Geo Method
- $3,225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,665,000
- Retail
- $3,340,000
- Mixed-Use
- $2,790,000
- Hospitality
- $3,130,000
- Educational
- $2,690,000
- Residential Income
- $2,620,000
- Energy
- $2,540,000
- Income-Based Land
- $2,690,000
- Food Service
- $3,350,000
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.1923
- Latitude
- 40.0979
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
