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Remodeled Former Wendy’s Restaurant
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2501 North Vermilion Street, Danville, IL 61832

Restaurant building with a remodeled interior and supporting site improvements.

Space Size2,640 SF
Lot Size0.65 Acres
Days on Market42

Property Features for 2501 North Vermilion Street

General Information

Standard status Active
Size 2,640 SF
Net Rentable 2,640 SF
Lot size 0.65 Acres
Property subtype Retail

Space & Availability

Available Space 2,640 SF
Contiguous Space 2,640 SF

Building Details

Year Renovated 2017
Building Size 2,640 SF
Listing Agency: CBRE - Oak Brook
Listed By: Les Kristof
Source: Cbre
Added: Jul 21 Changed: Aug 30 Last Checked: Aug 30 at 4:50PM

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 CBRE - Oak Brook

Investment Insights

Based on property information with market context.

This conventional restaurant property includes a 2,640-square-foot building on a 28,270-square-foot lot. The former Wendy’s facility was remodeled in 2017, providing an updated foundation for continued restaurant use or a new operator’s concept. A site survey is available for review.

The property is located at 2501 North Vermilion Street in Danville, Illinois, with the building and surrounding parcel offering a defined commercial restaurant setting. Existing improvements and the documented remodeling provide a clear starting point for evaluating the premises.

Key Highlights

  • +/-2,640 SF former Wendy’s building
  • 28,270 SF lot
  • Building remodeled in 2017

Property Analytics

Current Use

Wendy's Restaurant

Suggested Use

Top Pick Building Supply Real Estate Agency Hair Salon Big Box & Wholesale Store Kitchen & Bath Showroom Law Firm

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

401
Businesses Nearby
Under-served
Demand for This Use

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?
Conventional restaurant - Restaurant building with a remodeled interior and supporting site improvements.
Where is this conventional restaurant located?
The property is located at 2501 North Vermilion Street Danville, IL.
What are key features of this property?
This property features: +/-2,640 SF former Wendy’s building; 28,270 SF lot; Building remodeled in 2017
More about this property
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