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610-622 N Gilbert St
Danville, IL 61832
Value-Add Retail Center | 32,000 SF · Retail Property For Sale
Investment Highlights
- ±32,000 SF retail asset located on a major thoroughfare (US-136)
- ±20,933 SF of contiguous space available
- Adaptive floor plans allowing various multi-tenant layouts and incubator offices
- In-Place NOI of ±$29,290 at 35% occupancy
- Ample parking with adequate truck wells and grade level doors
- Flexible zoning allows for a vast array of uses including retail, office, medical, entertainment, R&D, and some light industrial
Property Facts
Property Type
Retail
Property Subtype
Building Size
32,000 SF
Building Class
C
Year Built
1969
Percent Leased
35%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.41
Lot Size
1.78 AC
Zoning
B-3 - General Business
Parking
87 Spaces (2.72 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Security System
- Signage
- Tenant Controlled HVAC
Property Taxes
| Parcel Number | 23-05-304-014 | Improvements Assessment | $125,698 |
| Land Assessment | $74,302 | Total Assessment | $200,000 |
Property Taxes
Parcel Number
23-05-304-014
Land Assessment
$74,302
Improvements Assessment
$125,698
Total Assessment
$200,000
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