Industrial Warehouse Space on 30 Acres in Champaign, Ill. Sells for $11.5M

CHAMPAIGN, ILL. (Feb. 14, 2025) – Coldwell Banker Commercial Devonshire Realty is proud to announce the recent $11.5 million sale of a 182,084-square-foot warehouse in Champaign, Illinois. The property, located at 2802 Bloomington Rd., encompasses 30 acres.

AJ Thoma III, CCIM, SIOR with Coldwell Banker Commercial Devonshire Realty (CBCDR, LLC) represented the seller, Ravel Properties, LLC. According to Thoma, the intended use of the space is an agricultural chemical company.

Thoma said he first took the listing in fall of 2018 with minimal term left on the building. At the time, the tenant had announced the closure of the facility in the coming year, but delays in relocation plans delayed their departure until the fall of 2023. Utilizing a separate broker, the property owner sold to an investor coming out of a 1031 exchange in 2020. After sitting on the market vacant for about a year and a half, with another broker, Thoma was enlisted to once against represent the property. “By fall 2024, we had an acceptable purchase offer and closed on the property in early 2025,” he said.

About Coldwell Banker Commercial Affiliates

Coldwell Banker Commercial Devonshire Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises of nearly 200 independently owned and operated affiliates as well as owned brokerage and more than 3,000 professionals in 40 countries. For additional information, visit www.cbcworldwide.com.  

 

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Media Contact: Kevin J. Guhl, kevin.guhl@cbrealty.com, 973-407-5916