Mixed Use Center Investment

InvestmentInvestment 32,000 SF

Property Highlights

610-622 N Gilbert St
Danville, IL 61832

Price: $1,850,000.00 (Previously $1,962,000.00)

Building Size: 32,000 SF

Parking: 1969

Zoning: B-3 General Business

Tax PIN: 23-05-304-014

NOI: $166,000.00

Cap Rate/In-Place Income: 9%

Documents

Brochure

Confidentiality Agreement - OM Upon Request

Aerial

Aerial - South View

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is delighted to present this Value added, mixed-use center, now available for exclusive sale. Constructed in 1969 by Black & Co. to cater to the sale of home goods, sporting equipment, and construction supplies, the building underwent a transformative evolution, eventually being divided into five distinct storefronts.
The recent additions of Industry Labs, Full Access Healthcare, and Swing Sports complement the long-termed tenants, Aunt Martha’s Medical Group and Rent-A-Center and increases the occupancy to 75%. This diverse mix enhances the overall marketability of the property, and combined with the value-added component, is an appealing choice for the investor who wants cash flow and upside potential.

Area Description

Located 140 miles south of Chicago and 90 miles west of Indianapolis, Danville is nestled in the heart of Vermilion River country and home to world class museums, shops full of rare and unique finds, and watchable wildlife to enjoy. From nationally recognized Danville Dans baseball team, to the NJCAA Division II Men’s National Basketball Tournament, to ice skating, canoeing, horseback riding, and hiking – It is easy to see why over 30,000 residents call Danville home.

Map

201 W Springfield Ave, 11th floor Champaign, IL 61820 | 217-352-7712

www.CBCDR.com

The information found within this brochure is for informational purposes only, and is not audited, warranted or in any fashion guaranteed by Coldwell Banker Commercial Devonshire Realty. It is subject to verification and no liability for errors or omissions is assumed. Notice of Agency: Coldwell Banker Commercial Devonshire Realty is the exclusive agent for the seller/lessor and therefore represents the seller/lessor, unless expressed otherwise in writing with the parties to a transaction.