Remodeled Industrial Building with
For Sale
Contact for pricing
805 E Perkins Rd, Urbana, IL
16,975 SF industrial building remodeled in 2022 & 2023.
Property Size16,975 SF
Lot Size1.23 Acres
Price / SF$70.69
Days on Market342
Property Features for 805 E Perkins Rd
General Information
Standard status
Active
Size
16,975 SF
Lot size
1.23 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 821-8553
Listed By:
Zach Wetherell
(217) 821-8553
Source:
Moodyscre
Added: Aug 25, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:42AM
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 subject property encompasses a total of 16,975 square feet and is currently divided into three separate suites, situated on 1.22 acres of land. Originally constructed in 1971 with an addition in 1989, the building underwent interior remodeling in 2022 and 2023. The exterior was painted in 2024. A new roof was installed in 2019, and solar panels were added in 2020. Unit C has access to a fenced lot on the east side of the building. Unit A is currently occupied by the owner, who intends to vacate upon the sale of the building.
Key Highlights
- Remodeled interior (2022 & 2023) and freshly painted exterior (2024).
- New roof (2019) with solar panels (2020).
- Total of 16,975 SF divided into three separate suites.
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 | $126.3k | $7.44 |
| − Vacancy | −$6.1k | −$0.36 |
| EGI | $120.2k | $7.08 |
| − OpEx | −$18.0k | −$1.06 |
| NOI | $102.2k | $6.02 |
16,975 SF · lease $7.44/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,197 @ 7.0% cap · market cap 8.52%
Second Best
Industrial
$1.12M
$980.0K – $1.31M
NOI $78,402 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $247,210 @ 7.0% cap · market cap 20.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Extra Space Storage — 1710 N Cunningham Ave, Urbana, IL 61802
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- Jenkins & Key Moving & Storage — 1108 Carroll Ave, Urbana, IL 61802
Frequently Asked Questions
What type of property is this?
Warehouse - 16,975 SF industrial building remodeled in 2022 & 2023.
Where is this warehouse located?
The property is located at 805 E Perkins Rd Urbana, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Remodeled interior (2022 & 2023) and freshly painted exterior (2024).; New roof (2019) with solar panels (2020).; Total of 16,975 SF divided into three separate suites.
