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    4111 Vermilion St Danville, IL 61834

    For Lease
    $15 SF/Yr ($18,000 /Mo)

    Prime retail space, high traffic area.

    Lot size:
    14,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity presents 3,840 square feet of vacant space within the thriving Danville Crossing strip mall. Located in Vermilion County, this property boasts a highly visible position along Danville's main North retail corridor, directly adjacent to a Walmart Super Center. The suite, identified as Suite 3, offers a "vanilla box" layout, providing maximum flexibility for tenant build-out and customization. The entire Danville Crossing center encompasses 14,400 square feet, indicating a strong and established retail presence. The property's B3-General Business zoning allows for a wide range of commercial uses. The surrounding area features a diverse mix of successful businesses, including GameStop, Great Clips, Cricket Wireless, and Aaron's, demonstrating a robust and established customer base. With a traffic count of 13,400 AADT on North Vermilion, this location guarantees high visibility and significant foot traffic. NNN expenses are $4.40 per square foot. This is an ideal location for businesses seeking high visibility and access to a large consumer base in a thriving retail environment. The property is a single building, offering a cohesive and easily managed retail space. This is a rare opportunity to secure a prominent retail location in a high-traffic area with established neighboring businesses.

    Property Features for 4111 Vermilion St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,400 SF
    Total Rate
    18000

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 3
    Size
    3,840 SF
    Rate per SF
    $15

    HighLights

    • 14,400 SF retail strip mall in Vermilion County, IL.
    • 3,840 SF vacant suite available; "vanilla box" space.
    • NNN expenses: $4.40/SF.
    • Located in Danville Crossing, adjacent to Walmart, on a major retail corridor.
    • Strong co‑tenancy including GameStop, Great Clips, Cricket Wireless, and Aaron's.
    • High traffic count: 13,400 AADT on N. Vermilion St.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sally Beauty Beauty Supply Store Cricket Wireless Authorized ... Cell Phone Store GameStop Video Game Store Larae & Endow Law ... Medical Lawyer US Naval Recruiting Military Recruiting Office

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.629898
    Latitude
    40.202586

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    FAQs

    What type of property is this?
    Retail property - Prime retail space, high traffic area.
    Where is this retail property located?
    The property is located at 4111 Vermilion St Danville, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 14,400 SF retail strip mall in Vermilion County, IL.; 3,840 SF vacant suite available; "vanilla box" space.; NNN expenses: $4.40/SF.
    Request Owner's contact information
    4111 Vermilion St Danville, IL 61834
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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
    4111 Vermilion St Danville, IL 61834
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