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    610-622 N Gilbert St Danville, IL 61832

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    For Sale
    $2,200,000

    Value-add mixed-use center with diverse tenants and upside potential.

    Property size:
    32,000 SF
    Lot size:
    1.70 Acres

    Property Features for 610-622 N Gilbert St

    General Information

    Size
    32,000 SF
    Lot size
    1.70 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Larry Kuchefski, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Center For Sale

    This mixed-use center, constructed in 1969, is available for sale. Originally built to accommodate home goods, sporting equipment, and construction supplies, the building has been divided into five storefronts. Recent additions include Industry Labs, Full Access Healthcare, and Swing Sports, complementing long-term tenants such as Aunt Martha’s Medical Group and Rent-A-Center. The property is currently 75% occupied. The property has a size of 32000 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.635615
    Latitude
    40.135261

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    FAQs

    What type of property is this?
    Shopping center - Value-add mixed-use center with diverse tenants and upside potential.
    Where is this shopping center located?
    The property is located at 610-622 N Gilbert St Danville, IL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Value-added, mixed-use center with cash flow and upside potential.; - Diverse tenant mix including Industry Labs, Full Access Healthcare, Swing Sports, Aunt Martha’s Medical Group, and Rent-A-Center.; - Current occupancy rate of 75%.
    (217) 918-0871
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    610-622 N Gilbert St Danville, IL 61832
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    610-622 N Gilbert St Danville, IL 61832
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