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    OFF-MARKET
    Warehouses

    1704 Industrial Park Rd, Champaign, IL 61822

    13,906 SF 2.6 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 1704 Industrial Park Rd, Champaign, IL 61822, offers a compelling redevelopment or owner-user opportunity. The two-building complex totals 13,906 square feet on a 2.6-acre lot, boasting prime frontage on I-57 and W Olympian Rd, ensuring high visibility and convenient access. Building 1, designed for efficient cross-docking, features twelve dock-high doors, a 12' clear height, two small offices, and two restrooms. Building 2, constructed in 1990, provides ample storage space with six drive-in doors and additional outdoor trailer parking. Currently vacant, the property is zoned L1 - Light Industrial and situated within an Enterprise Zone, offering potential tax incentives. The Champaign-Urbana MSA, home to the University of Illinois, boasts a strong economy, a highly educated workforce, and excellent transportation links, including major interstate access and Willard Airport. The property's strategic location, combined with its versatile design and potential for industrial outdoor storage, presents a significant value-add opportunity for investors and developers. The asking price is $675,000, or $337,500 per unit, with a price per square foot of $48.54. This is an exceptional chance to acquire a well-positioned industrial asset in a thriving market.

    Property profile
    Verified
    Property type Warehouses
    Total area 13,906 SF
    Lot 2.6 ac (113,256 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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