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Danville Village Mall | Powerful Upside Opp. 2917 N Vermilion st 281,606 SF 10% Leased Retail Building Online Auction Sale Danville, IL 61832
INVESTMENT HIGHLIGHTS
- 281,606-square-foot retail strip building with high visibility to N Vermilion Street, exposed to more than 26,600 vehicles per day.
- Opportunity to purchase the Danville Village Mall, which has four LOIs from national tenants, adding $713,553 in gross revenue annually.
- Tenant mix includes Bath and Body Works, Hibbett Sporting Goods, Citi Trends Inc., Danville Community College, and an on-site ecoATM.
- Located in the Danville area, close to numerous retailers such as Dunkin’, Steak 'n Shake, Meijer, Kohl's, T.J. Maxx, and many more.
- Neighboring Danville Village Center is a stabilized asset with national tenants and the potential for an outparcel development.
EXECUTIVE SUMMARY
The Danville Village Mall is a well-established, expansive shopping mall within the Danville Village Center, spanning more than 281,600 square feet on 23.91 acres. Currently, the mall is home to a handful of tenants, including national retailer Bath & Body Works and the local educational institution Danville Area Community College. The community college's corporate and community education system offers customized corporate training services and non-credit courses for community members who are seeking new knowledge, experiences, and skills in non-academic areas.
With rising leasing momentum, Encore brokers have coordinated financing for letters of interest (LOIs), tenant improvements (TIs), and build-outs. Future tenants include Ollie’s Bargain Outlet, Five Below, Beall’s Inc., and Golden Ticket Cinemas, all looking to occupy approximately 10,000 square feet or more.
Danville is in the eastern portion of Illinois, bordering Indiana to the east. It is a close-knit and growing suburb with a rich history and engaging community. Downtown boasts a lively atmosphere with a thriving commercial corridor featuring chains and big-box retailers, beloved local dining establishments, and locally owned entertainment spots. The Danville Village Center is part of this corridor, featuring approximately 30 stores, and has been open for around 50 years.
MATTERPORT 3D TOUR
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
- REA
- Survey
PROPERTY FACTS
AMENITIES
- Food Court
- Enclosed Mall
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
7,947 square foot office available for lease.
Theater Expansion Opportunity(Available)
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
Danville Village presents a compelling opportunity for retailers seeking a high-visibility location in east-central Illinois. Under new ownership and professionally managed by Mid-America Asset Management, this regional shopping center offers up to 85,000 square feet of divisible space, including anchor and junior anchor opportunities, a former theater, and multiple inline suites. The property is strategically positioned along heavily trafficked N. Vermilion Street, with over 20,500 vehicles per day and strong co-tenancy from national brands including Ross Dress for Less, County Market, JoAnn Fabrics, Slumberland Furniture, and Pet Supplies Plus. The center benefits from a diverse tenant mix and proximity to key community assets such as Danville Community College, Liberty Elementary School, and Turtle Run Golf Club. The surrounding trade area includes over 70,000 residents within a 15-mile radius and a daytime population exceeding 68,000, supported by average household incomes approaching $70,000. The site is also adjacent to Devonshire Village and near major retailers like Meijer, Kohl’s, Harbor Freight, and T.J.Maxx, reinforcing its position as a retail hub. With multiple restaurant-ready suites, expansion opportunities, and a conceptual demising plan that accommodates a wide range of uses, Danville Village is ideal for national, regional, and local tenants seeking to establish or grow their presence in a revitalized retail environment.
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
50,232 square foot office available for lease.
| Space | Size | Space Use | Position | Available |
| 10 | 6,143 SF | Retail | In-Line | 30 Days |
| 21 & 22 | 1,023 SF | Retail | In-Line | 30 Days |
| 23 | 3,474 SF | Retail | In-Line | 30 Days |
| 25 | 5,624 SF | Retail | In-Line | 30 Days |
| 34 | 5,624 SF | Retail | In-Line | 30 Days |
| 35 | 605 SF | Retail | In-Line | 30 Days |
| 36 | 756 SF | Retail | In-Line | 30 Days |
| 40 & 41 | 7,947 SF | Office | - | 30 Days |
| 44-50 | 17,293 SF | Retail | In-Line | 30 Days |
| 51 | 1,526 SF | Retail | In-Line | 30 Days |
| 52 | 1,025 SF | Retail | In-Line | 30 Days |
| 53 | 1,724 SF | Retail | In-Line | 30 Days |
| 54 | 372 SF | Retail | In-Line | 30 Days |
| 55 | 6,180 SF | Retail | In-Line | 30 Days |
| 57 | 3,513 SF | Retail | In-Line | 30 Days |
| 58-62 | 30,916 SF | Retail | In-Line | 30 Days |
| 68 | 394 SF | Retail | In-Line | 30 Days |
| 70 | 20,000 SF | Retail | In-Line | 30 Days |
| 9 | 4,577 SF | Retail | In-Line | 30 Days |
| C | 41,149 SF | Retail | In-Line | Now |
| D | 77,300 SF | Retail | In-Line | 30 Days |
| E | 50,232 SF | Office | - | 30 Days |
10
| Size |
| 6,143 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
21 & 22
| Size |
| 1,023 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
23
| Size |
| 3,474 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
25
| Size |
| 5,624 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
34
| Size |
| 5,624 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
35
| Size |
| 605 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
36
| Size |
| 756 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
40 & 41
| Size |
| 7,947 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| 30 Days |
44-50
| Size |
| 17,293 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
51
| Size |
| 1,526 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
52
| Size |
| 1,025 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
53
| Size |
| 1,724 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
54
| Size |
| 372 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
55
| Size |
| 6,180 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
57
| Size |
| 3,513 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
58-62
| Size |
| 30,916 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
68
| Size |
| 394 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
70
| Size |
| 20,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
9
| Size |
| 4,577 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
C
| Size |
| 41,149 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
D
| Size |
| 77,300 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
E
| Size |
| 50,232 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| 30 Days |
10
| Size | 6,143 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
21 & 22
| Size | 1,023 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
23
| Size | 3,474 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
25
| Size | 5,624 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
34
| Size | 5,624 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
35
| Size | 605 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
36
| Size | 756 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
40 & 41
| Size | 7,947 SF |
| Space Use | Office |
| Position | - |
| Available | 30 Days |
7,947 square foot office available for lease.
44-50
| Size | 17,293 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Theater Expansion Opportunity(Available)
51
| Size | 1,526 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
52
| Size | 1,025 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
53
| Size | 1,724 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
54
| Size | 372 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
55
| Size | 6,180 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
57
| Size | 3,513 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
58-62
| Size | 30,916 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
68
| Size | 394 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
70
| Size | 20,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
9
| Size | 4,577 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
C
| Size | 41,149 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Danville Village presents a compelling opportunity for retailers seeking a high-visibility location in east-central Illinois. Under new ownership and professionally managed by Mid-America Asset Management, this regional shopping center offers up to 85,000 square feet of divisible space, including anchor and junior anchor opportunities, a former theater, and multiple inline suites. The property is strategically positioned along heavily trafficked N. Vermilion Street, with over 20,500 vehicles per day and strong co-tenancy from national brands including Ross Dress for Less, County Market, JoAnn Fabrics, Slumberland Furniture, and Pet Supplies Plus. The center benefits from a diverse tenant mix and proximity to key community assets such as Danville Community College, Liberty Elementary School, and Turtle Run Golf Club. The surrounding trade area includes over 70,000 residents within a 15-mile radius and a daytime population exceeding 68,000, supported by average household incomes approaching $70,000. The site is also adjacent to Devonshire Village and near major retailers like Meijer, Kohl’s, Harbor Freight, and T.J.Maxx, reinforcing its position as a retail hub. With multiple restaurant-ready suites, expansion opportunities, and a conceptual demising plan that accommodates a wide range of uses, Danville Village is ideal for national, regional, and local tenants seeking to establish or grow their presence in a revitalized retail environment.
D
| Size | 77,300 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Anchor opportunities available for Lease (19,948 - 77,300 SF Divisible). Former Theater space available for Lease. Excellent visibility on heavily trafficked Vermilion Street. Join Co-tenants such as ROSS, County Market, Dunham’s Sports, JoAnn and Slumberland.
E
| Size | 50,232 SF |
| Space Use | Office |
| Position | - |
| Available | 30 Days |
50,232 square foot office available for lease.
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
SALE ADVISORS
SALE ADVISORS
Evan Lyons, Senior Director
Regardless of the size of the portfolio -- making decisions about an investor’s real estate holdings is a complex, delicate matter requiring great thought and careful consideration. Lyons works closely with clients to wholly understand their overarching goals and to achieve them.
He provides clients with ongoing analysis and continued counsel throughout the investment life cycle. From unearthing the best value-add property to bolster their portfolio, finding the right leasing agent for the property, helping them structure new leases, or pinpointing the optimal time to sell, he is there for the long haul.
Lyons earned a bachelor’s degree in Real Estate Development and Finance from Central Michigan University. After graduating, he worked in the Chicago and Southfield, MI offices of Marcus & Millichap as a Retail Investment Broker. He joined Encore in 2017 as Senior Advisor and, as a top-performing broker, was promoted to Senior Director in January 2020.
With a keen desire to fully engage in the operations side of the business, Lyons was recruited by his Toldeo, OH-based client, Tolson Enterprises to manage the entirety of a dynamic 3.4M sq.-ft. real estate portfolio. As Director of Operations, he oversaw real estate acquisition, disposition, leasing, development and marketing for the privately-held company. The asset classes he managed included shadow-anchored retail centers, industrial and office properties and the Midwest’s well-known branded Lock-It-Up Self Storage facilities.
Lyons quickly grew Tolson’s asset count with three acquisitions of retail and industrial properties, handled build-to-suit developments for Fortune 100 companies (most notably TJX Companies, Inc.), increased revenue and reduced retail and office property vacancy rates via strategic acquisitions and new lease agreements. He also elevated the company’s brand awareness though well-defined social media marketing efforts. Yet despite his success, the business of brokerage strongly beckoned and in late 2022, Lyons returned to his roots and his passion, rejoining the Encore Team as Senior Director.
Lyons is a frequent contributor to commercial real estate trade publications and has been featured in Heartland Real Estate Business, Shopping Center Business, Restaurant Finance Monitor and others. He also has been a featured speaker or panelist on the subject of real estate investment, retail real estate, and the quick-service food industry at ULI, ISCS, CMU and other industry events.
He is an active member of ULI Michigan where he serves on the Small-Scale Development Local Product Council (ULI Detroit) and the International Council of Shopping Centers.
For help with commercial property acquisition or disposition, contact Evan Lyons at (248) 702-0298 (office) or (248) 535-0354 (cell) or via email at elyons@encorereis.com
Hunter Rupp, Associate Advisor
Relying on his strength of market analysis to evaluate assets, Hunter is able to provide unique insight into on and off market properties that help maximize potential future earnings. His specialty primarily lies within the Retail class, specifically with Supermarket/Grocery store single and multi-tenant properties.
Graduating from the University of Toledo with a Bachelor's in Mechanical Engineering, he originally began his career as a manufacturing engineer within the Automotive industry. While working as an Engineer, Hunter developed the deep analytical and communicative skill set that is required to navigate through real estate transactions.
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Danville Village Mall | Powerful Upside Opp. | 2917 N Vermilion st
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