Two-Tenant Distribution
For Sale
$5,300,000
800 S Gilbert Street, Danville, IL 61832
Industrial facility with modified gross leases, recent building upgrades, and additional undeveloped land.
Property Size185,000 SF
Price / SF$28.65
Days on Market92
Property Features for 800 S Gilbert Street
General Information
Standard status
Active
Size
185,000 SF
Property subtype
Industrial
Building Details
Building Size
185,000 SF
Year Built
1947
Year Renovated
2025
Tenancy
Multi
Listing Agency:
Friedman Real Estate IL LLC
(248) 324-2000
Listed By:
Daniel Levine · License #475155060
Source:
Friedmanrealestate
Added: Jun 1
Changed: Aug 30
Last Checked: Aug 30 at 3:36PM
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 Friedman Real Estate IL LLC
Investment Insights
Based on property information with market context.
This 185,000-square-foot distribution center in Danville, Illinois, is configured for two tenants and includes occupancy by Thyssenkrupp and Dawson Logistics. The property dates to 1947 and has received major capital work, including a new roof and tuckpointing. Both tenants occupy the facility under modified gross lease structures described as below-market.
The sale includes undeveloped land that may support future development or leasing. The property is located at 800 S Gilbert Street in Danville, the county seat of Vermilion County, with approximately 70,000 residents. Danville is positioned about 90 miles from Indianapolis, 35 miles from Champaign-Urbana, 150 miles from Chicago, and 270 miles from both St. Louis and Detroit.
The sale includes undeveloped land that may support future development or leasing. The property is located at 800 S Gilbert Street in Danville, the county seat of Vermilion County, with approximately 70,000 residents. Danville is positioned about 90 miles from Indianapolis, 35 miles from Champaign-Urbana, 150 miles from Chicago, and 270 miles from both St. Louis and Detroit.
Key Highlights
- 185,000 SF industrial distribution facility
- Two‑tenant occupancy with Thyssenkrupp and Dawson Logistics
- Modified gross leases described as below‑market
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Distribution center - Industrial facility with modified gross leases, recent building upgrades, and additional undeveloped land.
Where is this distribution center located?
The property is located at 800 S Gilbert Street Danville, IL.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 185,000 SF industrial distribution facility; Two‑tenant occupancy with Thyssenkrupp and Dawson Logistics; Modified gross leases described as below‑market
