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    Remodeled Industrial Building with Solar Title is generated by Realmo AI

    805 E Perkins Rd, Urbana, IL

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    16,975 SF industrial building remodeled in 2022 & 2023.

    Type:INDUSTRIAL
    Property size:
    16,975 SF
    Lot size:
    1.23 Acres
    Price / SF:
    $70/SF
    Added:
    Aug 25, 2025
    Days on Market:
    296
    Last Refresh:
    May 20 at 8:01 pm

    Property Features for 805 E Perkins Rd

    General Information

    Standard status
    Active
    Size
    16,975 SF
    Lot size
    1.23 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 805 E Perkins Rd Contact us

    We can help!

    Listing Contact
    Zach Wetherell
    Zach Wetherell

    Listing agent Zach Wetherell

    Listing office Coldwell Banker Commercial Devonshire Realty

    Listing date Aug 25, 2025

    Source Moodyscre

    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

    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.
    • Situated on 1.22 acres of ground.
    • Unit A will be vacated by the owner upon sale.
    • Fenced lot accessible to Unit C.

    Overview

    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.

    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 $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 (±1% cap)
    NOI $102,197 @ 7.0% cap · market cap 8.52%
    Second Best
    Industrial
    $1.12M
    $980.0K – $1.31M (±1% cap)
    NOI $78,402 @ 7.0% cap · market cap 6.53%
    Theoretical Best
    Office A
    $3.53M
    $3.09M – $4.12M (±1% cap)
    NOI $247,210 @ 7.0% cap · market cap 20.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    TCT Construction, Inc General Contractor ECI Construction Services, ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Extra Space Storage — 1710 N Cunningham Ave, Urbana, IL 61802
    • Keer St.Storage — 608 Kerr Ave, Urbana, IL 61802
    • Jenkins & Key Moving & Storage — 1108 Carroll Ave, Urbana, IL 61802

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.198
    Latitude
    40.1272

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    FAQs

    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.
    (217) 821-8553 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Zach Wetherell
    Zach Wetherell
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