Warehouse in Interstate Research
For Sale
Contact for pricing
1411 Interstate Dr, Champaign, IL 61821
Well-positioned warehouse within Interstate Research Park with access to I-57 and nearby I-72 or I-74.
Property Size21,114 SF
Price / SF$105.38
Days on Market191
Property Features for 1411 Interstate Dr
General Information
Standard status
Active
Size
21,114 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 403-3355
Listed By:
Richard Harrington
Source:
Moodyscre
Added: Jan 20
Changed: Jul 26
Last Checked: Jul 30 at 2:39PM
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.
This warehouse is located within Interstate Research Park in Northwest Champaign. The property is positioned less than 1 mile from Interstate 57 and offers access to either I-72 or I-74 within a few miles.
The offering is for sale. The property size is 21,114 square feet.
For businesses seeking convenient interstate access in the Champaign area, this warehouse within the park setting provides a straightforward option with direct proximity to major routes.
The offering is for sale. The property size is 21,114 square feet.
For businesses seeking convenient interstate access in the Champaign area, this warehouse within the park setting provides a straightforward option with direct proximity to major routes.
Key Highlights
- Warehouse located within Interstate Research Park in northwest Champaign
- Less than 1 mile from Interstate 57
- Accessible to I‑72 or I‑74 within a few miles
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 | $157.1k | $7.44 |
| − Vacancy | −$7.5k | −$0.36 |
| EGI | $149.5k | $7.08 |
| − OpEx | −$22.4k | −$1.06 |
| NOI | $127.1k | $6.02 |
21,114 SF · lease $7.44/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.82M
$1.59M – $2.12M
NOI $127,116 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.39M
$3.84M – $5.12M
NOI $307,487 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 61821, IL
29,057
Population
13,751
Households
2.1
Avg Household Size
36
Median Age
50%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
3,774
Density / Sq Mi
$69,284
Median Household Income
$40,225
Median Earnings
$1,001
Median Rent
$174,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Well-positioned warehouse within Interstate Research Park with access to I-57 and nearby I-72 or I-74.
Where is this warehouse 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: Warehouse located within Interstate Research Park in northwest Champaign; Less than 1 mile from Interstate 57; Accessible to I‑72 or I‑74 within a few miles
