2730 Philo Rd Urbana, IL 61802
For Sale
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This exceptional 1.01-acre commercial lot, located at 2730 Philo Rd, Urbana, IL 61802 (APN 932128201003), presents a unique investment opportunity. Situated within the highly desirable Stone Creek Commons, a Class A office park in southeast Urbana, this fee-simple property boasts a prime location at the signalized intersection of Windsor Road and Boulder Drive, ensuring exceptional visibility. The lot is zoned B3 and is part of the Urbana Enterprise Zone, offering potential tax advantages. Stone Creek Commons features attractive amenities including walking trails, ponds, mature trees, and meticulous landscaping. The property's strategic location offers excellent access to major thoroughfares and a strong surrounding commercial base, including the adjacent Pines retail center (anchored by Busey Bank, Monical's, Subway, and others), Carle Hospital, Christie Clinic, Meijer, and Little Hearts and Hands. The proximity to significant residential areas and the Atkins Golf Club at the University of Illinois further enhances its appeal. Build-to-suit options are available, making this lot ideal for retail development, potentially including drive-through capabilities. This shovel-ready lot represents a compelling opportunity for businesses seeking high visibility and convenient access in a thriving community. The asking price is $351,965.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.