2500 Philo RdUrbana, IL 61802

  • Commercial real estate
  • 19.48 AC

Property Details for 2500 Philo Rd

Lot size
19.48 AC
Property type
Commercial real estate
APN
932121451005
APU
932121451005

Description

This exceptional retail opportunity is located inside a high-traffic Meijer store in Urbana, Illinois. The 694 square foot space offers a prime, front-of-store location with unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept provides a range of benefits, including a highly visible location, exposure to Meijer's substantial customer base, and an all-inclusive monthly fee covering real estate taxes, property insurance, CAM, and utilities. Branding opportunities are available both inside and outside the space. The property is situated in a thriving trade area with a desirable customer demographic. This space is ideal for a variety of businesses, including financial institutions, food and beverage establishments, service businesses, and health and wellness providers. The property is located at 2500 Philo Rd, Urbana, IL 61802, in Champaign County. This is a unique opportunity to establish your business within one of the Midwest's most recognizable retail destinations. The space is currently vacant and ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $312,136,000
    Hospitality
    $285,914,912
    Educational
    $237,877,840
    Medical
    $246,058,832
    Retail
    $370,032,192

Location Insight

City
Urbana
County
Champaign
State
Illinois
Latitude
40.086
Longitude
-88.188
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
$353,251
$1,048,560
$2,272,400
$3,320,960
-
$3,145,680
$6,817,200
$9,962,880

FAQs

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