Stand-Alone Retail Building For
For Sale
Contact for pricing
842 E Main St, Danville, IL 61832
13,500 SF stand-alone retail building on Danville's main corridor.
Property Size13,500 SF
Price / SF$118.52
Days on Market1013
Property Features for 842 E Main St
General Information
Standard status
Active
Size
13,500 SF
Property subtype
Retail
Zoning
B-2
Lease Type
NNN
Building Details
Year Built
1995
Buildings
1
Stories
1
Units
1
Listing Agency:
Realty 54
Listed By:
Larry Kuchefski · License #471.008990
(217) 918-0871
Source:
Crexi
Added: Dec 27, 2023
Changed: Sep 24
Last Checked: Oct 4 at 8:02AM
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 Realty 54
Investment Insights
Based on property information with market context.
This 13,500 square foot stand-alone retail building, custom built for Walgreens in 1995, is available for sale or lease. The property features asphalt parking and driveways, along with a covered pharmacy drive-through. Constructed with steel framing and CMU bearing walls, the exterior incorporates brick veneer and painted EIFS panels. The roof consists of steel-joist supported metal decks covered with a low-slope TPO roofing system, and a pitched section finished with asphalt shingles on the front elevation. The interior includes suspended ceiling tiles, painted drywall panels, and exposed structure in the stock room areas. Flooring is a combination of 12x12 inch floor tiles and exposed concrete. Situated on a signaled hard corner along Danville’s main east-west corridor, the property is located approximately 3/4 mile from Interstate 74 access. Neighboring businesses and organizations include McDonald’s, Burger King, Phillips 66, and Trinity Lutheran Church and School.
Key Highlights
- Located on a signaled hard corner along Danville’s main East‑West corridor.
- Just 3/4 mile from Interstate 74 access.
- Stand‑alone retail building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,938
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,718,760
$2.7M
Cap Rate 7%
$1,941,971
$1.9M
Cap Rate 9%
$1,510,422
$1.5M
Market Conditions
NOI Build-Up for 13,500 SF
Gross rent
$202.5K $15.00/SF
− Vacancy
−$8.3K −$0.61/SF
EGI
$194.2K $14.39/SF
− OpEx
−$58.3K −$4.32/SF
NOI
$135.9K $10.07/SF
Area
Vermilion County, IL
Vacancy
4.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,718,760
Cap Rate 7%
$1,941,971
Cap Rate 9%
$1,510,422
Alternative Uses
Best Use
Specialty Retail
$2.63M
$2.30M – $3.07M
NOI $184,099 @ 7.0% cap · market cap 11.51%
Second Best
Retail
$1.94M
$1.70M – $2.27M
NOI $135,938 @ 7.0% cap · market cap 8.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - 13,500 SF stand-alone retail building on Danville's main corridor.
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 $1,600,000.
What are key features of this property?
This property features: Located on a signaled hard corner along Danville’s main East‑West corridor.; Just 3/4 mile from Interstate 74 access.; Stand‑alone retail building.
