3000 Philo Rd Urbana, IL 61801

Property Details for 3000 Philo Rd

Lot size

24.38 lot acres

Property type

High-rise multifamily apartments

APN

multiple

Description

This exceptional 24.38-acre parcel presents a remarkable opportunity for multi-family development in Urbana, Illinois. Situated within the desirable Stone Creek Commons area, this fee-simple property boasts three parcels offering frontage onto a picturesque pond. Its convenient location places it within walking distance of The Pines retail center, providing future residents with easy access to shopping, dining, and essential services. Stone Creek Commons itself features attractive amenities including two ponds, walking trails, mature trees, and landscaped areas, enhancing the overall appeal and livability of the community. The property enjoys excellent connectivity via Windsor Road, a major arterial street providing direct access to Champaign, Urbana, and the University of Illinois. Nearby amenities include Meijer, Carle Clinic, Christie Clinic, and Little Heart and Hands Daycare, catering to a wide range of resident needs. The surrounding area is characterized by established residential neighborhoods and is conveniently located near the Atkins Golf Club. The property is zoned Residential 4 and includes parcels 93-12-28-200-018, 019, and 035. This prime location, coupled with its substantial size and desirable features, makes this an exceptional investment opportunity for developers seeking to create a thriving multi-family community. The asking price is $2,654,982.