LARGE-SCALE INDUSTRIAL REDEVELOPMENT OPPORTUNITY
Property Description
Coldwell Banker Commercial Devonshire Realty is pleased to exclusively offer for sale a 443,170-square-foot industrial manufacturing complex situated on approximately 63.19 acres in Charleston, Illinois. Formerly utilized for trailer manufacturing, this heavy industrial property presents a substantial value-add opportunity for investors, developers, and industrial owner-users seeking a large-scale manufacturing or redevelopment facility at an attractive acquisition basis.
Originally developed in 1970, with subsequent improvements constructed through 1995, the property consists of seven buildings, including a substantial primary manufacturing facility, former paint/decal building, warehouse, maintenance facility, office building, and additional storage buildings. The complex features exceptional clear heights reaching approximately 43’7″, extensive drive-in loading, limited dock-high loading, existing rail spur infrastructure, and substantial outdoor yard area.
Historically utilized for heavy manufacturing operations, the property was designed to accommodate industrial processes requiring significant electrical infrastructure, expansive production areas, and access to multiple transportation methods. The site previously utilized 480V electrical distribution with reported 12 kV service which could potentially be updated to 10 MW.
The property has been vacant for approximately five years and will require substantial capital investment to return the improvements to functional use. Nevertheless, its scale, heavy industrial zoning, high-clearance manufacturing areas, existing rail infrastructure, and significant acreage provide an opportunity for a purchaser to reposition the property for future industrial operations.
The property is being offered strictly as-is, where-is, with prospective purchasers responsible for independently verifying the condition, capacity, and functionality of all buildings, utilities, mechanical and electrical systems, fire suppression systems, rail infrastructure, and other improvements.
Area Description
The property is located approximately 0.2 miles from Illinois Route 130, providing north-south connectivity, and approximately 8 miles east of Interstate 57, a major transportation corridor connecting Chicago with southern Illinois. Illinois Route 16 provides east-west access between Charleston, Mattoon, and Interstate 57, while Interstate 70 is accessible approximately 20 miles to the south.
Charleston is strategically positioned within the broader Midwest industrial market, approximately 45 miles south of Champaign-Urbana, 125 miles from Indianapolis, 140 miles from St. Louis, and 185 miles from Chicago. This location provides access to regional labor markets, suppliers, and distribution networks throughout Illinois, Indiana, and surrounding states.
The property also contains existing rail spur infrastructure with potential connections to the regional freight rail network, subject to confirmation of operating service and track conditions. Combined with its substantial acreage, heavy industrial zoning, and proximity to major highway corridors, the location offers flexibility for manufacturing, materials handling, warehousing, and other industrial operations.