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    1507 Bowman Ave Danville, IL 61832

    Sponsored
    For Lease
    $8 SF/Yr

    Prime Danville location, 35,000 SF, 20,000 SF vacant.

    Lot size:
    35,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 35,000-square-foot retail property, located at 1507 N Bowman Ave in Danville, Illinois, presents a significant opportunity. Currently classified as Class C, this single-tenant industrial space boasts 20,000 square feet of readily available space, perfect for immediate occupancy or build-out to suit. The building sits on a generous 2.46-acre lot and was constructed in 1977. The property features 18-foot clear ceilings, providing ample vertical space for various uses. Two shared truck docks ensure efficient loading and unloading. The building benefits from a recently installed new roof, divided utilities for cost-effective management, and energy-efficient LED lighting throughout. The "vanilla box" configuration allows for flexible tenant improvements tailored to specific operational needs. Strategically located on a signaled intersection, this property offers multiple ingress and egress points, ensuring convenient access for customers and employees. Its prominent position along the N. Bowman corridor makes it an ideal retail location for serving the surrounding neighborhoods. The property is zoned B-3 and has an APN of 1833400065 within Vermilion County. This Danville, IL property (zip code 61832) offers a compelling combination of size, location, and features, making it an attractive investment opportunity.

    Property Features for 1507 Bowman Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,000 SF
    Class
    C
    Total Rate
    23333.33

    Building Details

    Year Built
    1977

    Unit(s) available at that property

    Space
    Size
    20,000 SF
    Rate per SF
    $8

    HighLights

    • Multiple truck docks.
    • Ample off‑street parking.
    • Easy ingress and egress.
    • High ceilings.
    • High‑visibility location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Goodwill Danville IL ... Thrift Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage 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
    -87.608273
    Latitude
    40.1498369

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    FAQs

    What type of property is this?
    Retail property - Prime Danville location, 35,000 SF, 20,000 SF vacant.
    Where is this retail property located?
    The property is located at 1507 Bowman Ave Danville, IL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Multiple truck docks.; Ample off-street parking.; Easy ingress and egress.
    Request Owner's contact information
    1507 Bowman Ave 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
    1507 Bowman Ave Danville, IL 61832
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