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    2100 County Road 2100 Saint Joseph, IL 61873

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    For Lease
    Contact for pricing

    6,650 SF Flex Warehouse Available

    Lot size:
    6,650 SF

    Property Features for 2100 County Road 2100

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,650 SF
    Total Rate
    3325

    Building Details

    Stories
    1

    Spaces For Lease

    at 2100 County Road 2100, Saint Joseph, IL 61873 Contact us
    Unit

    $6 /Mo

    Size
    3,500 SF
    Contact us

    We can help!

    Listing Contact
    Jordan Dunahee
    Jordan Dunahee

    Listing Agency: Ramshaw Real Estate, Inc. Listing Agent: Jordan Dunahee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 6,650-square-foot industrial property, situated on 2.5 acres in Champaign County, Illinois, presents a unique opportunity for businesses seeking flexible space. Currently offering 3,500 square feet for lease, this single-tenant building boasts a blend of warehouse and office space ideal for various uses. The warehouse area, exceeding 2,000 square feet, features an 8-foot overhead door, providing convenient access for loading and unloading. Two 750-square-foot office/workrooms and a 250-square-foot office/breakroom offer ample space for administrative functions. Shared bathroom facilities are also available. The warehouse features a pitched roof with 14-foot clear height along the sides and a generous 20-foot clear height at the center. One drive-in door facilitates easy access. The property includes one 24' x 16' rack and one 16' x 16' rack for storage, and the owner will allow use of an existing forklift. Communal use of existing warehouse tools may be an option. Located just six minutes north of St. Joseph, Illinois, and six minutes from I-74, this property offers a peaceful, rural setting while maintaining convenient access to major transportation routes. The partially wooded 2.5-acre lot provides a tranquil outdoor space. The space will be delivered vacant and ready for immediate occupancy. The building is a single-story structure with 16-foot ceilings. This property is perfect for businesses seeking a blend of warehouse and office space in a convenient yet secluded location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Champaign
    State
    Illinois
    Longitude
    -88.0669012
    Latitude
    40.1865592

    Nearby Similar for Lease

    • Contact for pricing
      21,201 SF

      Downtown St. Joseph Retail Space

      Retail space in the heart of Downtown St. Joseph, Illinois.
      109 N Main St, Saint Joseph, IL 61873
      View Details

    FAQs

    What type of property is this?
    Distribution property - 6,650 SF Flex Warehouse Available
    Where is this distribution property located?
    The property is located at 2100 County Road 2100 Saint Joseph, IL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 6,650 SF industrial building on 2.5 acres in Champaign County, IL, with 3,500 SF currently available for lease.; Single-story building with 16' ceilings, featuring warehouse space with an 8' overhead door and 20' clear height at peak.; Includes 1,500 SF of office space and shared bathroom facilities.
    (217) 359-3131 Call to check price and availability
    Request Owner's contact information
    2100 County Road 2100 Saint Joseph, IL 61873
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    Saint Joseph, IL 61873
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2100 County Road 2100 Saint Joseph, IL 61873
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jordan Dunahee
    Jordan Dunahee
    Real Estate License ID: 475181066
    (217) 359-3131 (309) 846-8941 (217) 373-4814
    Learn more
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