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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1507 Bowman Ave Danville, IL 61832

35,000 SF Built 1977
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1977
Total area 35,000 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
  • Goodwill Danville IL - Land of Lincoln Goodwill Industries Discount Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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