22 W NEWELL, Danville, IL 61832

Listing Agency: Marcus & Millichap SWM Group

Listed By: Austin Weisenbeck · License IL 475.140200 Show Phone

Source: Crexi

Added: Oct 8 Changed: Nov 8 Last Checked: Nov 8 at 4:09PM

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Investment Insights

Based on property information with market context.

This strip mall is identified as a shadow center for Walmart and Menards. The property is at 22 W Newell in Danville, Illinois, and is being offered through a receiver sale. The auction is scheduled for November 17–19, 2026.

Key Highlights

• Receiver sale auction scheduled for November 17–19, 2026
• Danville retail property identified as a shadow center for Walmart and Menards

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Strip malls

Suggested Use

Top Pick Building Supply HVAC Service Auto Repair Shop Electrical Service Plumbing Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

332

Businesses Nearby

Explore this area Business Placement

Demographics for 61832, IL

32,878

Population

16,390

Households

2

Avg Household Size

40

Median Age

17%

College-Educated

90%

High-School Grad

27.3 sq mi

ZIP Area

1,204

Density / Sq Mi

$45,264

Median Household Income

$37,288

Median Earnings

$805

Median Rent

$78,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - The Danville retail property is identified as a shadow center for Walmart and Menards.

Where is this strip mall located?

The property is located at 22 W NEWELL Danville, IL.

What are key features of this property?

This property features: Receiver sale auction scheduled for November 17–19, 2026; Danville retail property identified as a shadow center for Walmart and Menards