Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.