Modern Industrial Facility in
For Sale
$2,225,000
1411 Interstate Dr, Champaign, IL 61822
Well-maintained industrial facility with office and warehouse space for sale.
Property Size17,570 SF
Price / SF$126.64
Days on Market147
Property Features for 1411 Interstate Dr
General Information
Standard status
Active
Size
17,570 SF
Property subtype
Industrial
Building Details
Year Built
2013
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 352-7712
Listed By:
Richard Harrington
(217) 352-7712
Source:
Cbcworldwide
Added: Mar 5
Changed: Jul 10
Last Checked: Apr 9 at 9:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Devonshire Realty
Investment Insights
Based on property information with market context.
Constructed in 2013, this contractor-built facility offers approximately 3,544 square feet of office space (approximately 17%) and 17,570 square feet of warehouse space (approximately 83%). The property is well-maintained and professionally constructed, offering long-term operational flexibility. It is located within Interstate Research Park in Northwest Champaign, less than 1 mile from Interstate 57, with accessibility to both I-72 and I-74 within a few miles. The property is ideal for owner-users or tenants seeking a modern industrial facility in a strong Champaign location.
Key Highlights
- Modern industrial facility built in 2013
- Excellent contractor‑built quality and well‑maintained condition
- Strategic location in Interstate Research Park, Northwest Champaign
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.7k | $7.44 |
| − Vacancy | −$6.3k | −$0.36 |
| EGI | $124.4k | $7.08 |
| − OpEx | −$18.7k | −$1.06 |
| NOI | $105.8k | $6.02 |
17,570 SF · lease $7.44/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,779 @ 7.0% cap · market cap 4.75%
Second Best
Flex RnD
$1.38M
$1.21M – $1.61M
NOI $96,617 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$3.66M
$3.20M – $4.26M
NOI $255,875 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 61822, IL
25,091
Population
11,923
Households
2.1
Avg Household Size
38
Median Age
58%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
234
Density / Sq Mi
$97,044
Median Household Income
$55,385
Median Earnings
$1,265
Median Rent
$264,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained industrial facility with office and warehouse space for sale.
Where is this flex space located?
The property is located at 1411 Interstate Dr Champaign, IL.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: Modern industrial facility built in 2013; Excellent contractor‑built quality and well‑maintained condition; Strategic location in Interstate Research Park, Northwest Champaign
