Former Manufacturing/Production Facility

SaleWarehouse/Industrial 269,000 SF

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Property Highlights

1505 E Main St
Urbana, IL 61802

Price: $6,500,000

Lease Price: $3.75/ SF

Lease Type: Net

Building Size: 269,000 SF

Zoning: IN-1 & IN-2 - Heavy & Light Industrial Zoning

RE: $163,008.44 (2024 payable 2025)

Year Built/Renovated: 1957/1991(Renovated)

Tax Pin: 92-21-16-200-021, -022 | 91-21-09-452-004, -005 | 91-21-09-379-017, -016

Documents

Property Description

This exceptional industrial property offers a rare combination of heavy and light industrial zoning, direct rail access to the Norfolk Southern Rail Network via the Mansfield Branch, and excess land primed for expansion, redevelopment, or new development opportunities. Equipped with heavy power and manufacturing infrastructure, this site is well-suited for a variety of industrial operations, particularly given the limited availability of manufacturing facilities in the region.
Strategically located in an Enterprise Zone, the property benefits from potential incentives that can enhance operational efficiency and cost savings. Its proximity to the University of Illinois places it near a growing hub of technology, FoodTech, and AI-focused research, offering strong synergy for innovative and high-tech industries. Additionally, an adjacent ±10,000 SF standalone Butler building provides further flexibility for storage or additional operations. This is a rare opportunity to secure a well-positioned industrial asset in a market with increasing demand and limited supply. Short term sale/leaseback available.

Location Description

The subject property is located in Urbana roughly 10 blocks east of downtown and adjacent to Brookens Adim Building. The property is 2 miles from I-74, 6 miles from I-72, and 7 miles from I-57.

Map

201 W Springfield Ave, 11th floor Champaign, IL 61820 | 217-352-7712

www.CBCDR.com

The information found within this brochure is for informational purposes only, and is not audited, warranted or in any fashion guaranteed by Coldwell Banker Commercial Devonshire Realty. It is subject to verification and no liability for errors or omissions is assumed. Notice of Agency: Coldwell Banker Commercial Devonshire Realty is the exclusive agent for the seller/lessor and therefore represents the seller/lessor, unless expressed otherwise in writing with the parties to a transaction.