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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

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
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

PROPERTY TAXES

Parcel Number
93-21-21-126-050
Land Assessment
$53,790
Improvements Assessment
$372,520
Total Assessment
$426,310
  • Listing ID: 32385559

  • Date on Market: 7/9/2024

  • Last Updated:

  • Address: 1803-1809 Philo Rd, Urbana, IL 61802

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