Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1806 Philo Rd Urbana, IL 61802

    • Commercial real estate
    • 0.74 lot acres
    For Sale
    View listing
    $265,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-4763114
    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

    • Commercial real estate

    Property Details for 1806 Philo Rd

    Lot size
    0.74 lot acres
    Property type
    Commercial real estate
    APN
    932121201019
    APU
    932121201019

    Description

    This exceptional 265,000 USD commercial land parcel is ideally situated in Urbana, Illinois's vibrant East Urbana Commercial District, at 1806 S Philo Rd, 61802. Boasting a highly visible location on Philo Road, just south of Florida Avenue, this property offers unparalleled access to a thriving business community and the University of Illinois campus. The B-3 zoning allows for a wide range of commercial uses, making it a versatile investment opportunity. The property's strategic placement ensures high traffic visibility, benefiting from proximity to established businesses such as McDonald's, Burger King, and Walgreens. Furthermore, the East Urbana Commercial District actively promotes business growth through various incentives, presenting a compelling advantage for prospective developers and entrepreneurs. The APN is 93-21-21-201-016. This prime location and the potential for significant returns make this a truly exceptional opportunity. Don't miss out on this chance to secure a piece of Urbana's thriving commercial landscape.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $265,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $240,000
      Retail
      $270,000
      Mixed-Use
      $260,000
      Hospitality
      $220,000
      Educational
      $305,000
      Residential Income
      $220,000
      Energy
      $240,000
      Income-Based Land
      $240,000
      Food Service
      $240,000

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.1901
    Latitude
    40.0964
    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
    $4,201
    $39,490
    $0.00
    $39,490
    -
    $118,470
    $0.00
    $118,470

    Comparable in this City

    • Value Estimation by Request

      101 Maple St

      COMMERCIAL (GENERAL)
      101 Maple St, Urbana, IL 61802
      View Details
    • Value Estimation by Request
      12.42 Acres

      2760 Race St

      COMMERCIAL (GENERAL) • 12.42 Acres
      2760 Race St, Urbana, IL 61802-7216
      View Details
    • Value Estimation by Request

      2511 Shr Dr

      COMMERCIAL (GENERAL)
      2511 Shr Dr, Urbana, IL 61802-7219
      View Details
    • Value Estimation by Request

      1305 Triumph Dr

      COMMERCIAL (GENERAL)
      1305 Triumph Dr, Urbana, IL 61802-7380
      View Details
    • Value Estimation by Request
      0.38 Acres

      2406 University Ave

      COMMERCIAL (GENERAL) • 0.38 Acres
      2406 University Ave, Urbana, IL 61802-2298
      View Details
    • Value Estimation by Request

      103 Urbana Ave

      COMMERCIAL (GENERAL)
      103 Urbana Ave, Urbana, IL 61802
      View Details

    Similar Nearby for Sale

    • $1,706,681
      6.53 Acres

      Urbana Commercial Land - 6.53 Acres

      Prime Commercial Lot, High Traffic Area
      2601 High Cross Rd, Urbana, IL 61802
      View Details
    • $265,000

      Urbana Commercial Land - Prime Location

      High-visibility lot, B-3 zoning, business incentives.
      1806 Philo Rd, Urbana, IL 61802
      View Details
    • $495,000
      5.23 Acres

      Urbana Commercial Land - $495K

      5.23 Acres, High-Traffic Location
      3506 Cunningham Ave, Urbana, IL 61802
      View Details
    • $364,900
      2,500 SF

      along with a customer restroom. The shop is heated and includes an office

      bathroom and utility room for employee convenience. There is also a single bay automatic car wash system with in-floor radiant heated floor and reverse osmosis system
      212 Vine St, Urbana, IL 61802
      View Details
    • $351,965
      1.01 Acres

      Urbana Commercial Lot - 1.01 Acres

      Prime 1.01-acre commercial lot in Urbana, IL
      2730 Philo Rd, Urbana, IL 61802
      View Details
    • $330,000
      6,000 SF

      Urbana Commercial Property - Prime Location

      Versatile Commercial Building, .7 Acres, High Traffic
      1511 Triumph Dr, Urbana, IL 61802
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,525 SF

      Retail Space on Philo Road

      Retail space with drive-through capabilities, signage available.
      1803-1809 Philo Rd, Urbana, IL 61802
      View Details
    • Contact for pricing
      91,912 SF

      Versatile Commercial Property on Cunningham

      2.11-acre commercial property with office, shop, and carport.
      3809 N Cunningham Ave, Urbana, IL 61802
      View Details
    • Contact for pricing
      303,867 SF

      Urbana Retail Outlots For Lease

      Prime Urbana retail space, multiple units available.
      2701 Cunningham Ave, Urbana, IL 61802
      View Details
    • $12 SF/Yr
      1,625 SF

      Urbana Coworking Space: Suite G

      Move-in ready office, 1625 sq ft.
      2860 Philo Rd, Urbana, IL 61802
      View Details
    • $12 SF/Yr
      80,000 SF

      Urbana Office Space for Lease

      Flexible office suites near UIUC
      1717 Philo Rd, Urbana, IL 61802
      View Details
    • Contact for pricing
      6,617 SF

      Urbana Retail Center Opportunity

      Prime Urbana retail space available.
      1901 Philo Rd, Urbana, IL 61802
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1806 Philo Rd
    Urbana, IL 61802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.