610 N Gilbert St Danville, IL 61832
For Sale
1 / 6
Property Description Realty54 is delighted to present this Value added, mixed-use center, now available for exclusive sale. Constructed in 1969 by Black & Co. to cater to the sale of home goods, sporting equipment, and construction supplies, the building underwent a transformative evolution, eventually being divided into five distinct storefronts. The recent additions of Industry Labs, Full Access Healthcare, and Swing Sports complement the long-termed tenants, Aunt Martha’s Medical Group and Rent-A-Center and increases the occupancy to 75%. This diverse mix enhances the overall marketability of the property, and combined with the value-added component, is an appealing choice for the investor who wants cash flow and upside potential. Area Description Located 140 miles south of Chicago and 90 miles west of Indianapolis, Danville is nestled in the heart of Vermilion River country and home to world class museums, shops full of rare and unique finds, and watchable wildlife to enjoy. From nationally recognized Danville Dans baseball team, to the NJCAA Division II Men’s National Basketball Tournament, to ice skating, canoeing, horseback riding, and hiking – It is easy to see why over 30,000 residents call Danville home.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.