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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

306 Fairchild St Danville, IL 61832

3,000 SF Built 1991
Property ID
Property summary
AI-generated overview

This exceptional 2,000 square foot retail space, ideally suited for a restaurant, becomes available Spring 2025. Located at 306 W Fairchild St, Danville, IL 61832 (APN 23-05-311-005), this single-tenant property boasts a recently remodeled interior within a larger 3,000 square foot building constructed in 1991. The space features attractive brick interior walls, an open ceiling with exposed ductwork, a fully equipped kitchen, a dedicated order counter, and two ADA-compliant restrooms. The property is zoned B3- General Business, offering flexibility for various restaurant concepts. Its prime location at the southeast corner of N. Gilbert and W. Fairchild Streets (State Route 1) benefits from a signaled intersection, ensuring high visibility and accessibility. This strategic location places the property amongst established businesses including Papa Johns, Dollar General, Walgreens, and a soon-to-open Kirshner Lumber, as well as First Financial Bank, creating a vibrant and thriving commercial environment. This is a rare opportunity to secure a well-appointed space in a high-traffic area of Danville, Illinois. Contact us today to learn more about this exciting opportunity.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1991
Total area 3,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jimmy John's Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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