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2917 N Vermilion St Danville, IL 61832

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For Sale
$5,963,000

Shopping centers

Property size:
126,153 SF
Lot size:
10.21 Acres

Property Features for 2917 N Vermilion St

General Information

Standard status
Active
Size
126,153 SF
Lot size
10.21 Acres

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Listing Contact
Deno Bistolarides
Deno Bistolarides
Source: Crexi

Listing Agency: Encore Real Estate Investment Services Listing Agent: Deno Bistolarides

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Introducing DANVILLE VILLAGE , a valuable investment opportunity at 2917 N Vermilion St, Danville, IL 61832. Priced attractively at $5,963,000, this fully occupied 126,153 SF grocery-anchored shopping center offers a solid NOI of $435,294.48, presenting a high potential cap rate of 7.3%. The property boasts a long-standing anchor tenant, County Market, which has served as a community pillar since 1999. Situated on 10.21 acres, the center enjoys significant foot traffic from national tenants, including a high visit count of 513K+ yearly from County Market alone. Notable nearby attractions such as Turtle Run Golf Club and Lake Vermillion contribute to the property's appeal. With below-market rents and opportunities to enhance lease terms, this offering presents a promising value-add proposition. The strategic location within Danville's primary retail corridor, surrounded by recognized national retailers, ensures a prime investment for savvy buyers looking to capitalize on this flourishing market. Experience the potential of DANVILLE VILLAGE - schedule your viewing today!
Location Intelligence

Current Use by Public Records

County Market Grocery & Convenience Store Citi Trends Clothing & Fashion Store Dunham's Sports (Bike/Boat/Book/etc) Store Village Mall Shopping Center & Mall Small Business Development ... Business Service Center

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Ridgeview Plaza, Village Mall

Location Insight

  • Map
  • Local Demand
City
Danville
County
Vermilion
State
Illinois
Longitude
-87.630598
Latitude
40.17038

FAQs

Where is this shopping center located?
The property is located at 2917 N Vermilion St Danville, IL.
What is the asking price?
The asking price for this property is $5,963,000.
What are key features of this property?
This property features: - Grocery-anchored shopping center with a solid NOI of $435,294.48 and a 7.3% cap rate.; - Fully occupied 126,153 SF shopping center.; - **Long-standing anchor tenant, County Market, in place since 1999 with 513K+ yearly visits.**
More about this property
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