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3655 N Vermilion St
Danville, IL 61832
Retail Property For Sale
Investment Highlights
- 2-Tenant brand new construction padsite to a high-traffic Meijer Supercenter (1.6M visitors per year, per Placer.AI)
- Priced at a 7.15% CAP and at offered at a highly accessible sub-$2M price point
- Traffic counts exceed 20,000 vehicles per day
- New 10YR leases to Jersey Mike’s and T-Mobile (Corporate location) | 10% rent increases every 5 years included in the tenant's option periods
- Located on a dynamic and growing retail area, adjacent to a new TJ Maxx / Kohl’s power center, a Starbucks drivethru and across from Lowe's
- Household incomes exceed $90,000 in a 1-mile radius
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,850 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.23 AC
Zoning
B3 - General Business
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 18-20-206-002 | Improvements Assessment | $124,763 |
| Land Assessment | $14,602 | Total Assessment | $139,365 |
Property Taxes
Parcel Number
18-20-206-002
Land Assessment
$14,602
Improvements Assessment
$124,763
Total Assessment
$139,365
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