Drive-Through Restaurant
2201 E MAIN ST, Danville, IL 61832
For Sale
Contact for pricing
Configured for food service with a kitchen, customer seating, storefront parking, and B-2 Highway Business zoning.
Property Size3,000 SF
Price / SF$125
Days on Market97
Property Features for 2201 E MAIN ST
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Site & Location
Corner Location
Drive-Thru
Amenities
full kitchen
service counter
patron seating
walk-in cooler
convenient storefront parking
Building Details
Year Built
Buildings
Units
Listing Agency:
Realty 54
Listed By:
Larry Kuchefski · License #471.008990
(217) 918-0871
Source:
Crexi
Added: Aug 5
Changed: Nov 8
Last Checked: Nov 8 at 6:46AM
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 Realty 54
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Investment Insights
Based on property information with market context.
This 3,000 SF commercial building was built in 1984 and is configured for restaurant operations. The interior includes a full kitchen, service counter, patron seating, and an 18' x 8' walk-in cooler, while a drive-thru window supports customer service from the building. Storefront parking is also provided.
The property occupies a signalized corner along Danville’s east-west corridor at 2201 E Main St. It is directly across from DACC and the VA Hospital and lies within the East Main TIF District. B-2 Highway Business zoning is in place.
The property occupies a signalized corner along Danville’s east-west corridor at 2201 E Main St. It is directly across from DACC and the VA Hospital and lies within the East Main TIF District. B-2 Highway Business zoning is in place.
Key Highlights
- 3,000 SF commercial building constructed in 1984
- Drive‑thru window, full kitchen, service counter, and patron seating
- 18' x 8' walk‑in cooler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,208
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,160
$604.2K
Cap Rate 7%
$431,543
$431.5K
Cap Rate 9%
$335,644
$335.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$45.0K $15.00/SF
− Vacancy
−$1.8K −$0.61/SF
EGI
$43.2K $14.39/SF
− OpEx
−$12.9K −$4.32/SF
NOI
$30.2K $10.07/SF
Area
Vermilion County, IL
Vacancy
4.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,160
Cap Rate 7%
$431,543
Cap Rate 9%
$335,644
Alternative Uses
Best Use
Specialty Retail
$584.4K
$511.4K – $681.9K
NOI $40,911 @ 7.0% cap · market cap 10.91%
Second Best
Retail
$431.5K
$377.6K – $503.5K
NOI $30,208 @ 7.0% cap · market cap 8.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Configured for food service with a kitchen, customer seating, storefront parking, and B-2 Highway Business zoning.
Where is this conventional restaurant located?
The property is located at 2201 E MAIN ST Danville, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,000 SF commercial building constructed in 1984; Drive‑thru window, full kitchen, service counter, and patron seating; 18' x 8' walk‑in cooler
