1803-1809 Philo Rd | Urbana, IL 61802
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1803-1809 Philo Rd
Urbana, IL 61802
Planet Fitness Anchored Shopping Center · Retail Property For Sale
Investment Highlights
- Located Less Than 1-Mile From the University of Illinois Urbana- Champaign, Illinois’ Largest University, Featuring Over 55,000 Students
- Planet Fitness is Operated and Guaranteed By One of the Largest Franchisees (Black Duck Partners) in the Industry
- Attractive Price Per Square Foot - Less Than $73 Per Square Foot
- The University of Illinois is Ranked as the #12 Best Public University in the Country (U.S. News 2023-2024 Report)
- Surrounding National Retailers Include Walgreens, CVS, McDonald's, Burger King, Papa Johns, Meijer and Circle K
- Low Occupancy Cost For Planet Fitness, With a Base Rent of $8.50 Per Square Foot, Allowing For Improved Business Economics
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 25,576 SF Planet Fitness Anchored Shopping Center Located at 1803-1809 Philo Road in Urbana, IL. This Property is Located Less Than 1-Mile From the University of Illinois Urbana-Champaign, Illinois’ Largest University, Featuring Over 55,000 Students.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
25,576 SF
Building Class
C
Year Built/Renovated
1965/2010
Price
$1,850,000
Price Per SF
$72
Cap Rate
8.99%
NOI
$166,286
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Land Acres
1.22 AC
Zoning
B-3 - General Business District
Amenities
- Security System
- Signage
PROPERTY TAXES
Parcel Number | 93-21-21-126-050 | Improvements Assessment | $372,520 |
Land Assessment | $53,790 | Total Assessment | $426,310 |
PROPERTY TAXES
Parcel Number
93-21-21-126-050
Land Assessment
$53,790
Improvements Assessment
$372,520
Total Assessment
$426,310
Learn More About Investing in Retail Properties
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP