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 Size21,114 SF
Price / SF$126.64
Days on Market166
Property Features for 1411 Interstate Dr
General Information
Standard status
Active
Size
21,114 SF
Property subtype
Industrial
Zoning
I1- Light Industrial District
Building Details
Building Size
21,114 SF
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: Aug 14
Last Checked: Aug 14 at 7:22AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$96,617
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,932,340
$1.9M
Cap Rate 7%
$1,380,243
$1.4M
Cap Rate 9%
$1,073,522
$1.1M
Market Conditions
NOI Build-Up for 17,570 SF
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.
Gross rent
$158.1K $9.00/SF
− Vacancy
−$9.5K −$0.54/SF
EGI
$148.6K $8.46/SF
− OpEx
−$52.0K −$2.96/SF
NOI
$96.6K $5.50/SF
Area
Champaign County, IL
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,932,340
Cap Rate 7%
$1,380,243
Cap Rate 9%
$1,073,522
Alternative Uses
Best Use
Flex RnD
$1.38M
$1.21M – $1.61M
NOI $96,617 @ 7.0% cap · market cap 4.34%
Second Best
Industrial
$1.16M
$1.01M – $1.35M
NOI $81,150 @ 7.0% cap · market cap 3.65%
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
