Stand-Alone Retail Building For
842 E Main Danville, IL 61832
842 E Main, Danville, IL, 61832
$1,500,000
For Sale
$1,500,000
13,500 SF stand-alone retail building on Danville's main corridor.
Property Size13,500 SF
Price / SF$111.11
Days on Market177
Property Features for 842 E Main
General Information
- Standard status
- Active
- Size
- 13,500 SF
- Property subtype
- Retail
Listing agency
Coldwell Banker Commercial Devonshire Realty
(217) 352-7712
Listed by
Larry Kuchefski, CCIM · License #471008990
(217) 352-7712
Source
Cbcworldwide
Added: Jan 26 Updated: Jul 6 at 10:05AM Checked: Apr 9 at 9:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Devonshire Realty
Investment Insights
Based on property information with market context.
This 13,500 square foot stand-alone retail building, custom built for Walgreens in 1995, is available for sale or lease. The property features asphalt parking and driveways, along with a covered pharmacy drive-through. Constructed with steel framing and CMU bearing walls, the exterior consists of brick veneer and painted EIFS panels. The roofs are steel-joist supported metal decks covered with low-slope TPO roofing systems, with a pitched section finished with asphalt shingles covering the front elevation. The interior includes suspended ceiling tiles, painted drywall panels, and exposed structure in the stock room areas. Flooring is a combination of 12x12 inch floor tile and exposed concrete. Situated on a signaled hard corner along Danville’s main east-west corridor, the property is located approximately 3/4 mile from Interstate 74 access. Neighboring businesses and organizations include McDonald’s, Burger King, Phillips 66, and Trinity Lutheran Church and School. The property is suitable for retail purposes.
Key Highlights
- Located on a signaled hard corner along Danville’s main east‑west corridor.
- Stand‑alone retail building.
- Custom built for Walgreens.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.5k | $15.00 |
| − Vacancy | −$8.3k | −$0.61 |
| EGI | $194.2k | $14.39 |
| − OpEx | −$58.3k | −$4.32 |
| NOI | $135.9k | $10.07 |
13,500 SF · lease $15.00/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.63M
$2.30M – $3.07M
NOI $184,099 @ 7.0% cap · market cap 12.27%
Second Best
Retail
$1.94M
$1.70M – $2.27M
NOI $135,938 @ 7.0% cap · market cap 9.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
FedEx OnSite
Postal Service
Walgreens Pharmacy
Pharmacy
Marie Tam, RPh
Pharmacy
Western Union
Bank
Walgreens
Pharmacy
Similar For Sale Nearby
Similar Off Market Nearby
- Walgreens Pharmacy — 842 E Main St, Danville, IL 61832
- Marie Tam, RPh — 842 E Main St, Danville, IL 61832
- Mark D. Reeves, PharmD — 842 E Main St, Danville, IL 61832
- Cameron Norton — 842 E Main St, Danville, IL 618325957
- COVID-19 Drive-Thru Testing at Walgreens — 842 E Main St, Danville, IL 61832
FAQs
What type of property is this?
Drug store - 13,500 SF stand-alone retail building on Danville's main corridor.
Where is this drug store located?
The property is located at 842 E Main Danville, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Located on a signaled hard corner along Danville’s main east‑west corridor.; Stand‑alone retail building.; Custom built for Walgreens.
