1704 industrial park rd - Distribution FOR SALE


Champaign, IL 61822
$575,000 USD
317-437-6544
1704 industrial park rd, Champaign, IL for Sale
$575,000 USD
Distribution - FOR SALE
1/5
null | Request Cap Rate

1704 industrial park rd
Champaign, IL 61822


HIGHLIGHTS

  • Potential Redevelopment Opportunity | Industrial Outdoor Storage Site - Truck Parking, Contractor Use, Last Mile Freight
  • Frontage & Visibility Along I-57 Interchange (34,400 VPD) at Olympian Rd On-Ramp | Central Midwest Location at Convergence of Interstates 57, 72 & 74
  • Easy Access to Major Metropolitan Areas (Chicago, Indianapolis & St Louis) Within a 2.5 Hr Drive | Excellent Transportation Links Including Rail & Air
  • Two-Building, 13,906 SF Total GLA & Trailer Parking on 2.6 Acres
  • Population: 168,596 | Daytime Population: 235,480 | AHHI: $84,654 (10-Miles)
  • Champaign is Home to Some of the Largest Corporations in the World, Including Kraft Heinz, Frito-Lay, Caterpillar, John Deere and Yahoo

OVERVIEW

Marcus & Millichap is pleased to exclusively represent an industrial investment or redevelopment opportunity at 1704 Industrial Park Drive, Champaign, Illinois. The subject property includes a two-building, 13,906 total SF cross-dock/storage facility on 2.6 acres, with irreplaceable frontage and visibility along the I-57 Interchange (34,400 VPD) and Olympian Rd On-Ramp. Currently vacant and zoned L1 – Light Industrial, the property offers redevelopment potential for industrial outdoor storage, truck parking, contractor use, or last-mile freight services. Building 1 features a 12’ clear height and is designed for efficient cross-docking operations, with twelve dock doors that facilitate the rapid movement of goods, minimizing storage time and maximizing efficiency. It also includes two small offices and two restrooms. Building 2, constructed in 1990, includes six drive-in doors and is ideal for storage, with a lot for trailer parking. Champaign's central Midwest location, at the convergence of Interstates 57, 72, and 74, provides easy access to major metropolitan areas, including Chicago, Indianapolis, and St. Louis, all within a 2.5-hour drive. Neighboring properties, such as Gem City Tire and Hudson Technologies, benefit from industrial outdoor storage, presenting a similar opportunity for this site. Champaign is located in the Champaign-Urbana, IL MSA (Population: 236,072), making it the tenth largest city in Illinois and the third largest outside the Chicago metro area. The region features 14.9 million SF of industrial space, with an overall vacancy rate of 7.7%. Small-bay flex space is in high demand, with a competitive vacancy rate of 0.4% (CoStar Group, March 2025). The area's daytime population increases by 40%, driven by the influx of people for work, education, shopping, and healthcare services. The area features an affluent AHHI of $84,654 and population of 168,596 (within 10-miles). Home to the Big Ten’s University of Illinois at Urbana-Champaign (enrollment: 55,500) and Parkland College (enrollment: 12,000), the city benefits from an educated workforce in high-tech, research, healthcare, office and banking, light manufacturing, retail, government, and social services sectors. Some of the largest corporations in the world, including Kraft Heinz, Frito-Lay, Caterpillar, John Deere, and Yahoo, have a presence in the city. Excellent transportation links, including freight and passenger rail services and Willard Airport, ensure strong connections to national and international markets. This vacant industrial facility presents an excellent value-add opportunity for investors and developers looking to capitalize on the strategic location, industrial outdoor storage potential, and excellent transportation links.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$41 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Truck Terminal, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

12

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.62

LAND SF

114,040

ZONING

L1

APN/PARCEL ID

41-14-26-300-026

ASK ABOUT THIS PROPERTY

Julia EvingerMarcus & MillichapMore Info
317-437-6544

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Julia EvingerMarcus & MillichapMore Info
317-437-6544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.