Stand-Alone Retail with
842 E Main St Danville, IL 61832
For Sale
Contact for pricing
Custom-built retail includes a covered pharmacy drive-through, steel framing, and asphalt parking with driveways.
Property Size13,500 SF
Price / SF$111.11
Days on Market819
Property Features for 842 E Main St
General Information
Standard status
Active
Size
13,500 SF
Property subtype
RETAIL
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 918-0871
Listed By:
Larry Kuchefski, CCIM · License #471008990
(217) 918-0871
Source:
Moodyscre
Added: May 3, 2024
Changed: Jul 28
Last Checked: Jul 29 at 1:28PM
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 Coldwell Banker Commercial Devonshire Realty
Investment Insights
Based on property information with market context.
This stand-alone retail building was custom built for Walgreens in 1995 and totals 13,500 square feet. The facility includes a covered pharmacy drive-through, with steel framing and CMU bearing walls. Exterior materials include brick veneer and painted EIFS panels, and the roof system features steel-joist supported metal decks with low-slope TPO roofing plus a pitched section finished with asphalt shingles at the front elevation.
The property is located on a signaled hard corner along Danville’s main east-west corridor, with Interstate 74 access about 3/4 mile away. Neighboring businesses and uses include McDonald’s, Burger King, Phillips 66, and Trinity Lutheran Church and School, supported by on-site asphalt parking and driveways.
Interior finishes include suspended ceiling tiles and painted drywall panels, with exposed structure in stock room areas. Floors are a combination of 12-by-12 floor tile and exposed concrete.
The property is located on a signaled hard corner along Danville’s main east-west corridor, with Interstate 74 access about 3/4 mile away. Neighboring businesses and uses include McDonald’s, Burger King, Phillips 66, and Trinity Lutheran Church and School, supported by on-site asphalt parking and driveways.
Interior finishes include suspended ceiling tiles and painted drywall panels, with exposed structure in stock room areas. Floors are a combination of 12-by-12 floor tile and exposed concrete.
Key Highlights
- Custom‑built stand‑alone retail building (13,500 SF), built for Walgreens in 1995
- Covered pharmacy drive‑through for vehicle access
- Asphalt parking and driveways on‑site
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.5k | $15.00 |
| − Vacancy | −$8.3k | −$0.61 |
| EGI | $194.2k | $14.39 |
| − OpEx | −$58.3k | −$4.32 |
| NOI | $135.9k | $10.07 |
13,500 SF · lease $15.00/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.63M
$2.30M – $3.07M
NOI $184,099 @ 7.0% cap · market cap 12.27%
Second Best
Retail
$1.94M
$1.70M – $2.27M
NOI $135,938 @ 7.0% cap · market cap 9.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Walgreens Pharmacy — 842 E Main St, Danville, IL 61832
- Marie Tam, RPh — 842 E Main St, Danville, IL 61832
- Mark D. Reeves, PharmD — 842 E Main St, Danville, IL 61832
- Cameron Norton — 842 E Main St, Danville, IL 618325957
- COVID-19 Drive-Thru Testing at Walgreens — 842 E Main St, Danville, IL 61832
Frequently Asked Questions
What type of property is this?
Drug store - Custom-built retail includes a covered pharmacy drive-through, steel framing, and asphalt parking with driveways.
Where is this drug store located?
The property is located at 842 E Main St Danville, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Custom‑built stand‑alone retail building (13,500 SF), built for Walgreens in 1995; Covered pharmacy drive‑through for vehicle access; Asphalt parking and driveways on‑site
