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1505 E Main St 269,000 SF Industrial Building Urbana, IL 61802 $6,500,000 ($24.16/SF)
INVESTMENT HIGHLIGHTS
- SHORT TERM SALE/LEASE BACK AVAILABLE
- HEAVY AND LIGHT INDUSTRIAL ZONING
- PROXIMITY TO UNIVERSITY OF ILLINOIS
- DIRECT RAIL ACCESS TO NORFOLK SOUTHERN RAIL NETWORK VIA MANSFIELD BRANCH
- HEAVY POWER AND MANUFACTURING INFRASTRUCTURE
- EXCESS LAND WITH POTENTIAL FOR EXPANSION, DEVELOPMENT / REDEVELOPMENT
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $6,500,000 | No. Stories | 1 |
| Price Per SF | $24.16 | Year Built/Renovated | 1957/1991 |
| Sale Type | Investment or Owner User | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.45/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 14’ |
| Building Class | C | No. Dock-High Doors/Loading | 9 |
| Lot Size | 56.42 AC | No. Drive In / Grade-Level Doors | 4 |
| Rentable Building Area | 269,000 SF | ||
| Zoning | IN-1&2 - Heavy & Light Industrial Zoning | ||
| Price | $6,500,000 |
| Price Per SF | $24.16 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 56.42 AC |
| Rentable Building Area | 269,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1957/1991 |
| Tenancy | Single |
| Parking Ratio | 1.45/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 9 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | IN-1&2 - Heavy & Light Industrial Zoning |
AMENITIES
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Industrial Space for lease
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 134,500-269,000 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 134,500-269,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 134,500-269,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Industrial Space for lease
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,196,120 | |
| Land Assessment | $370,300 | Total Assessment | $1,566,420 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$370,300
Improvements Assessment
$1,196,120
Total Assessment
$1,566,420
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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1505 E Main St
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