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    1604 Rion Dr Champaign, IL 61822

    Sponsored
    For Lease
    Contact for pricing

    High-tech manufacturing space available

    Lot size:
    66,254 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Champaign County industrial property offers 66,254 square feet of versatile space, ideally suited for manufacturing, office, lab, and data center uses. The complex, built in 2008 and extensively renovated in 2018, comprises four buildings totaling 66,254 square feet. Building 1604 Rion Drive is a 10,800-square-foot flex building with six condos previously used for cleaning, maintenance, and warehousing. Building 1606A Rion Drive, a 14,400-square-foot flex building, features eight condos previously used as clean rooms and parts staging. A dedicated 17,888-square-foot clean room building (1606B Rion Drive) is also included. Finally, a two-story, 24,966-square-foot administrative office building (1608 Rion Drive) provides ample office space. The property boasts multiple overhead doors, a robust 15-megawatt power system with redundancy and UPS backup, and 120 parking stalls. Approximately 18,000 square feet is currently vacant. Situated in the Prairie Crossing commercial subdivision in Northwest Champaign, this property offers excellent visibility from I-57, with convenient access within 0.1 miles. Amenities nearby include a hotel and a gas station. The property sits on a four-acre lot and benefits from significant prior tenant improvements estimated at $6.8 million. The current lease extends to February 28, 2036.

    Property Features for 1604 Rion Dr

    General Information

    Property type
    Industrial properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    66,254 SF

    Building Details

    Year Built/Renovated
    2008/2018

    Unit(s) available at that property

    Space
    Size
    66,254 SF

    HighLights

    • Excellent highway access via I‑57.
    • Proximity to the University of Illinois.
    • Strong pro‑business environment.
    • Abundant skilled labor force.
    • Robust infrastructure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2709443
    Latitude
    40.1599272

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    FAQs

    What type of property is this?
    Industrial property - High-tech manufacturing space available
    Where is this industrial property located?
    The property is located at 1604 Rion Dr Champaign, IL.
    What are key features of this property?
    This property features: Excellent highway access via I-57.; Proximity to the University of Illinois.; Strong pro-business environment.
    Request Owner's contact information
    1604 Rion Dr Champaign, IL 61822
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    Realmo Value Estimation

    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.

    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.

    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
    1604 Rion Dr Champaign, IL 61822
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