Two-Tenant Retail Investment
302 W Fairchild St, Danville, IL 61832
Fully occupied retail property with long-term leases and built-in rent growth.
Type:Retail
Property size:
3,000 SFPrice / SF:
$243/SF- Added:
- Feb 18, 2026
- Days on Market:
- 83
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 302 W Fairchild St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Retail
Listing agent Connor Oke License #RB23002366
Listing office Bellagio Real Estate Partners
Listing date Feb 18, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Bellagio Real Estate Partners
HighLights
- 100% occupied, two‑tenant retail property providing immediate income.
- Located at a signalized corner with high visibility and convenient access.
- Long‑term leases with built‑in rent growth offer a stabilized investment.
- Tenants are Papa Johns (large franchisee) and The Joint Smoke Shop (regional operator).
- Ample on‑site parking with over 35 spaces.
- Adjacent to a high‑performing Dollar General (98th percentile nationwide) and surrounded by national retailers.
Overview
This 100% occupied, two-tenant retail property is located at the signalized corner of Gilbert Street and Fairchild Street. The property is leased to Bajco 100, LLC, a large private franchisee of Papa Johns in North America with over 275 locations, and The Joint Smoke Shop, a regional operator with five locations across Illinois and Indiana. The asset benefits from strong visibility, convenient access from both Gilbert Street and Fairchild Street, and ample on-site parking with over 35 spaces. The property is positioned adjacent to a high-performing Dollar General. National retailers in the surrounding area include Walgreens, CVS, Dollar Tree, Hardee’s, Sonic, Domino’s, and AutoZone. The surrounding trade area is supported by over 40,000 residents within a five-mile radius. This offering features long-term leases with built-in rent growth and presents a stabilized, low-management investment in e-commerce-resistant retail categories within a strong neighborhood retail corridor. The property size is 3000 square feet.
Location Intelligence
Current Use by Public Records
Papa John's Pizza
Restaurant
Location Insight
- Map
- Local Demand
- City
- Danville
- County
- Vermilion
- State
- Illinois
- Longitude
- -87.634191
- Latitude
- 40.138401
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Fully occupied retail property with long-term leases and built-in rent growth.
Where is this retail space located?
The property is located at 302 W Fairchild St Danville, IL.
What is the asking price?
The asking price for this property is $731,300.
What are key features of this property?
This property features: 100% occupied, two‑tenant retail property providing immediate income.; Located at a signalized corner with high visibility and convenient access.; Long‑term leases with built‑in rent growth offer a stabilized investment.
