Three-Unit Warehouse with Office
4108 COLLEEN DR, Champaign, IL 61822
For Sale
Contact for pricing
I-1 Light Industrial zoning and a mix of leased and vacant space support rental or owner occupancy.
Property Size6,642 SF
Lot Size0.51 Acres
Price / SF$86.57
Days on Market46
Property Features for 4108 COLLEEN DR
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Office Build-Out
Additional Details
Road Access
Tenant in Place
Property Use
Building Details
Year Built
Year Renovated
Buildings
Building Size
Construction
Listing Agency:
Guth & Associates
Listed By:
Jill Guth · License IL 471.020488
(217) 239-4300
Source:
Crexi
Added: Sep 25
Changed: Nov 8
Last Checked: Nov 8 at 4:14PM
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 Guth & Associates
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Investment Insights
Based on property information with market context.
The 6,642-square-foot wood-frame warehouse building contains three industrial units on a 0.51-acre lot. Each unit has 12-foot ceilings, a 10-foot overhead door and a floor drain. Unit A measures approximately 3,800 square feet, including 1,200 square feet of office area. Metal siding covers the building, which was constructed in 1992 and expanded in 2000. The property is zoned I-1 Light Industrial.
Two units are leased and one is vacant. Access is available from Staley Road, and the property is located in Ashford Industrial Park.
Two units are leased and one is vacant. Access is available from Staley Road, and the property is located in Ashford Industrial Park.
Key Highlights
- 6,642‑square‑foot building with three industrial units on a 0.51‑acre lot
- Unit A includes approximately 3,800 square feet, with 1,200 square feet of office space
- Each unit has 12‑foot ceilings, a 10‑foot overhead door and a floor drain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,988
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,760
$799.8K
Cap Rate 7%
$571,257
$571.3K
Cap Rate 9%
$444,311
$444.3K
Market Conditions
NOI Build-Up for 6,642 SF
Gross rent
$49.4K $7.44/SF
− Vacancy
−$2.4K −$0.36/SF
EGI
$47.0K $7.08/SF
− OpEx
−$7.1K −$1.06/SF
NOI
$40.0K $6.02/SF
Area
Champaign County, IL
Vacancy
4.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,760
Cap Rate 7%
$571,257
Cap Rate 9%
$444,311
Alternative Uses
Best Use
Warehouse
$571.3K
$499.9K – $666.5K
NOI $39,988 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,729 @ 7.0% cap · market cap 16.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
12 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Well-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Champaign County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Prime Storage — 606 s staley rd ste e, champaign, il 61822
- Extra Space Storage — 606 S Staley Rd Ste E, Champaign, IL 61822
- Frazier Properties — 310 Tiffany Ct, Champaign, IL 61822
- Storage 309 — 309 S Staley Rd, Champaign, IL 61822
Frequently Asked Questions
What type of property is this?
Warehouse - I-1 Light Industrial zoning and a mix of leased and vacant space support rental or owner occupancy.
Where is this warehouse located?
The property is located at 4108 COLLEEN DR Champaign, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 6,642‑square‑foot building with three industrial units on a 0.51‑acre lot; Unit A includes approximately 3,800 square feet, with 1,200 square feet of office space; Each unit has 12‑foot ceilings, a 10‑foot overhead door and a floor drain
