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    1505 E Main St Urbana, IL 61802

    For Sale
    $6,500,000

    Industrial property with rail access and expansion potential in Urbana.

    Property size:
    10,000 SF

    Property Features for 1505 E Main St

    General Information

    Zoning
    IN-1&2 - Heavy & Light Industrial Zoning
    Size
    10,000 SF

    Building Details

    Year built
    1957

    Source: Aj Thoma III, CCIM, SIOR Agent Aj Thoma III, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Urbana Industrial Property with Rail Access

    This industrial property features a combination of heavy and light industrial zoning and direct rail access to the Norfolk Southern Rail Network via the Mansfield Branch. Excess land is available for expansion, redevelopment, or new development. The property is equipped with heavy power and manufacturing infrastructure, making it suitable for various industrial operations. Located in an Enterprise Zone, the property may benefit from potential incentives. It is situated near the University of Illinois, close to technology, FoodTech, and AI-focused research. An adjacent approximately 10,000 square foot standalone Butler building offers additional flexibility for storage or operations. The property is located in Urbana, roughly 10 blocks east of downtown and adjacent to Brookens Adim Building, 2 miles from I-74, 6 miles from I-72, and 7 miles from I-57. A short-term sale/leaseback is available.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.190116
    Latitude
    40.110923

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    FAQs

    What type of property is this?
    Manufacturing property - Industrial property with rail access and expansion potential in Urbana.
    Where is this manufacturing property located?
    The property is located at 1505 E Main St Urbana, IL.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - Direct rail access to Norfolk Southern Rail Network (Mansfield Branch).; - Heavy and light industrial zoning with excess land for expansion/redevelopment.; - Located in an Enterprise Zone with potential incentives.
    (217) 403-3425
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1505 E Main St Urbana, IL 61802
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