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Property profile & analytics
FOR SALE
Commercial real estate

842 E Main St Danville, IL 61832

0.08 ac lot
Entity Owned 11-yr Hold Free & Clear
Property ID
US28-3131891
Property summary
AI-generated overview

This 13,500-square-foot freestanding retail building, situated on a 1.25-acre lot in Danville, Illinois, presents a compelling investment opportunity. Built in 1995, the single-story structure features 50 parking spaces and a convenient drive-through, originally designed for a pharmacy tenant. The building boasts a prime location on a signaled hard corner along Danville's main east-west corridor, just three-quarters of a mile from Interstate 74 access. This high-traffic area is surrounded by established businesses including McDonald's, Burger King, Phillips 66, and Trinity Lutheran Church and School, ensuring high visibility and potential customer traffic. The building's construction includes steel framing, CMU bearing walls, brick veneer and painted EIFS exterior panels. Roofing consists of steel-joist supported metal decks with a low-slope TPO system and asphalt shingles on the front. Interior finishes include suspended ceiling tiles, painted drywall, exposed structure in storage areas, and flooring of 12x12 tile and exposed concrete. The property is zoned B-2 and has a Vermilion County APN of 23 09 100 104. Currently vacant, this property offers significant potential for a variety of retail uses. The entire 13,500 square feet is available.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.08 ac (3,550 SF)
APN 23-09-100-104
UPID US28-3131891
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
  • FedEx OnSite Postal Service Courier Service
  • Walgreens Pharmacy Pharmacy
  • Marie Tam, RPh Pharmacy
  • Western Union Bank Credit Union
  • Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Always Holdings LLC · 11 yrs held
Always Holdings LLC
since 2014
2 recorded transactions
2018
Price N/A
2014
$2.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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