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Property profile & analytics
OFF-MARKET
Warehouses

1505 Main St Urbana, IL 61802

269,000 SF 56.42 ac lot Built 1957
Property ID
Property summary
AI-generated overview

This exceptional industrial property, located at 1505 E Main St, Urbana, IL 61802, presents a unique investment opportunity. Comprising three buildings on a 56.42-acre lot, this Class B facility offers 269,000 square feet of net rentable space, ideal for manufacturing or warehousing operations. Built in 1957 with renovations completed in 1991, the property boasts nine loading docks, overhead doors, and two rail doors connected to the NS rail line. Ceiling heights range from 12 to 14 feet. The property features heavy power and manufacturing infrastructure, along with a dedicated corporate office building. Zoned IN-2/IN-1, this location benefits from its position within an Enterprise Zone and the vibrant Champaign-Urbana community, adjacent to the University of Illinois. The property consists of six parcels, with four additional northern parcels potentially available for separate sale. This expansive facility offers significant potential for a variety of industrial uses. The property's size, infrastructure, and strategic location make it an attractive option for businesses seeking a substantial footprint in Central Illinois.

Property profile
Verified
Property type Warehouses
Year built 1957
Total area 269,000 SF
Lot 56.42 ac (2,457,655 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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