1505 E Main St, Urbana, IL

Industrial for Lease - $3.75 SqFt/Year - 269,000 SqFt Available


Agent Info

AJ Thoma III, CCIM, SIOR
Coldwell Banker Commercial Devonshire Realty

Property Info

CIMLS#492388
Location
  1505 E Main St
  Urbana IL 61802
UpdatedJune 18th, 2026
TypeIndustrial
Price$3.75 SqFt/Year
Building269,000 SqFt

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.



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