Office/Warehouse For Sale

SaleWarehouse/Industrial 45,368 SF
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1417 W Kenyon Rd
Urbana, IL 61801
Price: $2,750,000.00
Available Space: 45,368 SF
Lot Size (acre): 6.10 AC
Zoning: I-1
Built: 1967

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to offer for Sale this Office/Warehouse Property located in Urbana IL. The building was originally constructed in 1967 and renovated in 1992 and 2002 as a beer distribution facility. Since 2008, the building has been used by a local towing company and consists of 45,368 SF on 6.10 fully fenced Acres. The building has 6,447 SF of office space comprising of a secure entrance with reception, two restroom banks, locker room, five private offices, conference room, large training room with wet bar (could be leased separately), and several open areas. Given the nature of the business, a 1,200 sf two bedroom, one bath apartment has been constructed on the second floor mezzanine area. The warehouse (38,921 SF) is demised into three areas: Main warehouse which is on the east side of the building has 2 drive through overhead doors (16’ x 14’) with a trench drain running down the middle and shop restrooms; Secondary warehouse which is apart of the original building has two overhead doors (14’ x 12’); Addition warehouse space which has one overhead door (14’ x 12’) and two separated submerged dock doors. The entire building features 16’ – 20’ clear heights, forced air HVAC in the office, Radiant heat in the warehouse portions with updated LED lighting, and 800 Amp 208V 3-Phase electrical service. The entire property is fenced with $480K spent in recent years for drainage tile, fill dirt, compacted filings on the excess 2.5 acre yard. This property is located in the County and subject to Champaign County rules and taxation. The property is currently leased though 6/30/2022, however the tenant plans to leave at the end of the current lease.

Area Description

Subject property is located on Kenyon Rd (frontage road for I-74) in northern Urbana, however not annexed into the city (subject to county regulations). The property is located 0.8 miles from Interstate 74 via Kenyon Rd. & Lincoln Ave, under 5 mile to Interstate 57, and 7 mile to Interstate 72. The surrounding area is home to several industrial users including Caterpillar, Ryder Logistics, and Illinois American Water.