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    3649 Vermilion St Danville, IL 61832

    For Lease
    Contact for pricing

    800 SF Danville, IL Retail Space

    Lot size:
    800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 800-square-foot retail space offers a prime, in-store location within a high-traffic Meijer supermarket in Danville, Illinois (zip code 61832, Vermilion County). Situated at 3649 N Vermilion St, this single-tenant space provides unparalleled visibility and access to thousands of weekly shoppers. The "Store-Within-A-Store" concept offers significant advantages, including a high-traffic, front-of-store location strategically placed for maximum customer interaction. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities, simplifying operational costs. Branding opportunities are available, both internally and externally, maximizing exposure. This location benefits from exceptional demographics within a thriving trade area. Ideal for various businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers. This is a unique opportunity to establish a presence in a well-known Midwest retail destination. The property is currently vacant and ready for immediate occupancy.

    Property Features for 3649 Vermilion St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    800 SF

    Unit(s) available at that property

    Space
    Suite A
    Size
    800 SF

    HighLights

    • 800 SF retail space in high‑traffic Meijer supermarket.
    • Prime, in‑store location with excellent visibility.
    • All‑inclusive monthly rent covers taxes, insurance, CAM, and utilities.
    • Interior and exterior branding opportunities available.
    • Strong demographics in a thriving trade area.
    • Suitable for various retail uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Meijer Electronics Store Meijer Optical - CLOSING ... Optometrist Meijer Pharmacy Drug Store home optical Optician Quick-Tag Pet Supply Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.8844309
    Latitude
    41.5318621

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    FAQs

    What type of property is this?
    Retail property - 800 SF Danville, IL Retail Space
    Where is this retail property located?
    The property is located at 3649 Vermilion St Danville, IL.
    What are key features of this property?
    This property features: 800 SF retail space in high-traffic Meijer supermarket.; Prime, in-store location with excellent visibility.; All-inclusive monthly rent covers taxes, insurance, CAM, and utilities.
    Request Owner's contact information
    3649 Vermilion St Danville, IL 61832
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    Danville, IL 61832
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3649 Vermilion St Danville, IL 61832
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