Multi-Tenant Strip
New
For Sale
$750,000
22 W Newell Rd, Danville, IL 61834
End-cap spaces and adjoining suites offer leasing options across a range of tenant sizes.
Property Size27,050 SF
Lot Size4.18 Acres
Price / SF$27.73
Days on Market2
Property Features for 22 W Newell Rd
General Information
Standard status
Active
Size
27,050 SF
Total Parking Spaces
155
Lot size
4.18 Acres
Property subtype
Shopping Strip
Occupancy
60%
Site & Location
Anchor Co-Tenants
Walmart Supercenter, Menards
Traffic Count
13,400 vehicles/day
Road Access
Yes
Amenities
Auction - November 17-19 | Starting Bid: $750,000
Dollar Tree In Place for More Than 22 Years
Shadow-Anchored by Walmart and Menards
10,940 SF of Available Space to Lease
Positioned Off the Route 136 Interchange
$100,815 Average Household Income in 1 Mile
National Retailers Surround the Center
Building Details
Building Size
27,050 SF
Year Built
2002
Tenancy
Multi
Listing Agency:
Orange County Office
Listed By:
Mike Banwell · License #License(s): CA: 02045460
(954) 245-3397
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:40PM
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 Orange County Office
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Investment Insights
Based on property information with market context.
This 27,050-SF retail center was built in 2002 on 4.18 acres and includes 155 parking spaces. Occupancy is 60%, with 10,940 SF currently available, including end-cap units and contiguous suites. Dollar Tree has operated at the property for more than 22 years, and Fujiyama Japanese Steakhouse has been a tenant for more than eight years; each has over four years remaining on its lease.
Walmart Supercenter and Menards are adjacent to the property and together attract 2.7 million visitors annually. The center is just off the Route 136 exit and entrance ramp, with 13,400 vehicles passing daily. Other retailers in the surrounding area include Kohl's, T.J. Maxx, Lowe's and Harbor Freight. Average household income within one mile is $100,815.
Walmart Supercenter and Menards are adjacent to the property and together attract 2.7 million visitors annually. The center is just off the Route 136 exit and entrance ramp, with 13,400 vehicles passing daily. Other retailers in the surrounding area include Kohl's, T.J. Maxx, Lowe's and Harbor Freight. Average household income within one mile is $100,815.
Key Highlights
- 27,050 SF retail center on 4.18 acres, built in 2002
- 60% occupied, with 10,940 SF available for lease
- 155 parking spaces
Property Analytics
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Current Use
Lease Details
13,400 VPD
Traffic count
60%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
119k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 61%
Shops & Services 24%
Dining 10%
Beauty & Spa 4%
Walmart
Superstores
72,246 visits/mo
0.3 miles
Dollar Tree
Shops & Services
12,890 visits/mo
0.4 miles
Burger King
Dining
11,292 visits/mo
0.2 miles
Murphy USA
Shops & Services
10,732 visits/mo
0.2 miles
BP
Shops & Services
5,016 visits/mo
0.5 miles
Demographics for 61834, IL
7,895
Population
2,811
Households
2.8
Avg Household Size
45
Median Age
20%
College-Educated
86%
High-School Grad
106.9 sq mi
ZIP Area
74
Density / Sq Mi
$80,901
Median Household Income
$42,411
Median Earnings
$853
Median Rent
$162,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - End-cap spaces and adjoining suites offer leasing options across a range of tenant sizes.
Where is this strip mall located?
The property is located at 22 W Newell Rd Danville, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 27,050 SF retail center on 4.18 acres, built in 2002; 60% occupied, with 10,940 SF available for lease; 155 parking spaces
