Industrial Properties in Champaign, Illinois offer a unique investment opportunity for those looking to capitalize on the city's diverse economy and strong educational institutions. As a hub of the Illinois Silicon Prairie, Champaign is home to the University of Illinois and Parkland College, attracting a significant student population and fostering a culture of innovation and entrepreneurship. Industrial Properties in Champaign can represent a range of investments, from warehouses and manufacturing facilities to research and development spaces, offering a diverse range of opportunities for investors. The city's infrastructure, including 60 parks, 11 trails, and 14 facilities for recreation, as well as its location at the intersection of Interstates 57, 72, and 74, make it an attractive location for businesses and industries of all kinds. Additionally, the presence of major companies such as Caterpillar, ADM, and John Deere, as well as the University of Illinois Research Park, further solidify Champaign's reputation as a hub of industry and innovation. With its strong economy, excellent educational institutions, and high quality of life, Champaign is a great place to invest in Industrial Properties.
Champaign's Industrial Properties are part of a larger landscape of commercial real estate options, including Warehouses, Land, Apartment Buildings, and Commercial Real Estate. Warehouses in Champaign offer ample space for storage and distribution, while Land provides opportunities for development and growth. Apartment Buildings cater to the city's student population and young professionals, and Commercial Real Estate options range from office spaces to retail stores. With 4 Industrial Properties available for sale, investors have a wide range of options to choose from. The average price per square foot for Industrial Properties in Champaign is $117 USD, with an average size of 73,896 square feet. The largest Industrial Property available is 269,000 square feet, offering ample space for businesses of all sizes. With an average cap rate of , Industrial Properties in Champaign offer a strong potential for returns on investment. Overall, Champaign's Industrial Properties offer a unique combination of opportunity, innovation, and quality of life, making them an attractive option for investors.
What is the average price per square foot for industrial properties in Champaign?
The average price per square foot for industrial properties in Champaign is $117 USD, with 4 available listings, offering a range of sizes from 73,896 square feet to 269,000 square feet, and an average cap rate of.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Champaign, Illinois, as they impact the ease of doing business, accessibility to markets, and overall operational efficiency.
- Proximity to major transportation hubs, such as Interstate 57, Interstate 72, and Interstate 74, as well as the Willard Airport, can increase industrial property values by providing easy access to regional and national markets.
- The availability of rail services, including the former Illinois Central Railroad line and the Norfolk Southern Railway line, can also enhance industrial property values by offering alternative transportation options.
- In addition, being situated near the University of Illinois Urbana-Champaign and Parkland College can attract businesses that benefit from the skilled workforce and research opportunities, further boosting industrial property values.
