Flex Office and Heated
915 W Bloomington Rd Champaign, IL 61821
915 W Bloomington Rd, Champaign, IL, 61821
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For Sale
Contact for pricing
Former used-auto sales facility with office space and a heated four-bay garage.
Property Size3,168 SF
Price / SF$173.61
Days on Market563
Property Features for 915 W Bloomington Rd
General Information
- Standard status
- Active
- Size
- 3,168 SF
- Property subtype
- INDUSTRIAL
Listing agency
Coldwell Banker Commercial Devonshire Realty
(217) 403-3355
Listed by
Richard Harrington
Source
Moodyscre
Added: Jan 6, 2025 Updated: Jul 22 at 7:44PM Checked: Jul 22 at 7:44PM
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.
The property is a former used-auto sales facility with a 3,168 SF building combining office and garage space. The office portion features an open floor plan, a dedicated closing room/office, and two restrooms. The garage is heated and includes four bays, each with an overhead door.
This is a for-sale flex/industrial-style building designed to support both customer-facing and service-oriented operations within the same structure.
This is a for-sale flex/industrial-style building designed to support both customer-facing and service-oriented operations within the same structure.
Key Highlights
- Former used‑auto sales facility with a 3,168 SF building featuring office and garage space
- Office area includes an open floor plan, a dedicated closing room/office, and two restrooms
- Heated four‑bay garage with overhead doors
Local 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 | $23.6k | $7.44 |
| − Vacancy | −$1.1k | −$0.36 |
| EGI | $22.4k | $7.08 |
| − OpEx | −$3.4k | −$1.06 |
| NOI | $19.1k | $6.02 |
3,168 SF · lease $7.44/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$272.5K
$238.4K – $317.9K
NOI $19,073 @ 7.0% cap · market cap 3.47%
Second Best
Flex RnD
$248.9K
$217.8K – $290.4K
NOI $17,421 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$659.1K
$576.7K – $768.9K
NOI $46,136 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Advantage Auto Sales
Car Dealership
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Former used-auto sales facility with office space and a heated four-bay garage.
Where is this flex space located?
The property is located at 915 W Bloomington Rd Champaign, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Former used‑auto sales facility with a 3,168 SF building featuring office and garage space; Office area includes an open floor plan, a dedicated closing room/office, and two restrooms; Heated four‑bay garage with overhead doors
