1505 E Main St

For Lease 269,000 SF

1505 E Main St, Urbana, IL 61802

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.

Rental Details

  • Number of spaces 1
  • Total square feet available 269,000 SF
  • For Lease $3.75/SF/YR
  • Space Type Warehouse/Distribution
  • Lease Type Net
  • Latest Update Oct 29, 2026
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1 Space Available

Space Available

Space Type
Warehouse/Distribution
Lease Rate
$3.75/SF/YR
Total Space
269,000 SF
Lease Type
Net

Contacts

AJ Thoma III

Coldwell Banker Commercial Devonshire Realty

Building Details

  • For Lease $3.75/SF/YR
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 269,000 SF
  • Additional Rent Price on request
  • Year Built 1957
  • Year Renovated 1991
  • Date Updated Oct 29, 2026

Location

  • City Urbana, IL
  • Neighborhood Urbana
  • Zip Code 61802
  • Walk score 46/100 Car-Dependent
  • Transit score 63/100 Good Transit
  • Bike score 56/100 Bikeable
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Points of Interest

Champaign-Urbana

2.71 miles

Marathon

0.77 miles

BP

1.10 miles

Murphy USA

1.51 miles

Circle K

1.51 miles

ChargePoint

1.83 miles

Tesla Supercharger

4.40 miles

Urbana Public Parking

0.93 miles

Marro Lot

1.05 miles

Tepper Lot

1.05 miles

Carle Employee Parking Lot No. 14

1.46 miles

D22

1.58 miles

D1

1.69 miles

D5

1.70 miles

F13

1.72 miles

Parking area

1.73 miles

D14

1.74 miles

Champaign County Sheriff

0.37 miles

CVS Pharmacy

0.71 miles

Urbana Police Department

0.76 miles

Urbana Main Fire Station

0.76 miles

Walgreens

0.83 miles

Carle Foundation Hospital

1.40 miles

Urbana Fire Station 2

1.43 miles

McKinley Health Center

1.66 miles

Division of Public Safety

1.75 miles

Urbana Fire Station 4 - U of I Campus Station

1.78 miles

Huaraches Moroleon

0.44 miles

Xinh Xinh Cafe

0.69 miles

China Garden

0.69 miles

Wingstop

0.73 miles

El Oasis

0.78 miles

La Mixteca

0.80 miles

Wendy's

0.89 miles

Stango

0.89 miles

McDonald's

0.89 miles

Arby's

0.90 miles

Listing Summary

  • Asking Prices

    At 1505 E Main St, the asking rate for industrial space for lease starts at $3.75/SF/YR.

  • Available Industrial Space

    Availabilities for industrial space in this property total 269,000 square feet of space across 1 space.

  • Property Characteristics

    1505 E Main St totals 269,000 square feet, being completed in 1957. The property was last renovated in 1991. The listed subtype of industrial space at the property is Warehouse/Distribution.

Contact AJ Thoma III
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