Investment 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 square foot cross-dock/storage facility on 2.6 acres, with frontage along I-57 and W Olympian Road. The property is currently vacant and zoned L1 – Light Industrial. Building one features a 12’ clear height and is designed for efficient cross-docking operations with featuring 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 two, constructed in 1990, includes six drive-in doors and is ideal for storage, with a lot for trailer parking. Located within an Enterprise Zone. Ideally situated on a corner with immediate access and visibility to I-57 (34,400 VPD) from W Olympian Road, this location is irreplaceable. Champaign's central Midwest position at the convergence of Interstates 57, 72, and 74 provides easy access to major metropolitan areas like 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 potential for similar use here. Champaign is part of the Champaign-Urbana, IL MSA (population: 236,072) and is the 10th largest city in Illinois and third largest outside the Chicago metro area. The region features 14.7 million square feet of industrial space, with a low vacancy rate of 3.9 percent (CoStar Group, June 2024). People enter Champaign every day for work, education, shopping, and healthcare services, increasing daytime population by 40 percent. Affluent AHHI of $84,654 and population of 168,596 (10-mile radius). 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, excellent transportation links, and potential tax incentives.