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800 S Gilbert St 185,000 SF 100% Leased Industrial Building Danville, IL 61832 $5,300,000 ($28.65/SF)
Investment Highlights
- Significant room to increase rents; both tenants are on below-market modified gross leases
- Major capital improvements recently completed including new roof and tuckpointing
- Located in Danville, IL, the county seat of Vermilion County with a population of approximately 70,000
- Priced significantly below replacement cost at $27 per-square-foot
- Sale includes undeveloped land for future development or leasing potential
Executive Summary
±185,000 SF two-tenant industrial investment property located in Danville, IL. Mix of national and regional credit tenancy: Thyssenkrupp and Dawson Logistics. Strategic Midwest location approx. 90 miles from Indianapolis, 35 miles from Champaign Urbana, 150 miles from Chicago, and 270 miles from St. Louis and Detroit.
Property Facts
| Price | $5,300,000 | Rentable Building Area | 185,000 SF |
| Price Per SF | $28.65 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1947/2025 |
| Property Type | Industrial | Parking Ratio | 0.43/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 21’ |
| Building Class | B | No. Dock-High Doors/Loading | 10 |
| Lot Size | 12.00 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1 - Light Industrial Park District | ||
| Price | $5,300,000 |
| Price Per SF | $28.65 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 12.00 AC |
| Rentable Building Area | 185,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1947/2025 |
| Parking Ratio | 0.43/1,000 SF |
| Clear Ceiling Height | 21’ |
| No. Dock-High Doors/Loading | 10 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1 - Light Industrial Park District |
Utilities
- Gas
- Water
- Sewer
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $156,103 | |
| Land Assessment | $79,551 | Total Assessment | $235,654 |
Property Taxes
Parcel Numbers
Land Assessment
$79,551
Improvements Assessment
$156,103
Total Assessment
$235,654
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800 S Gilbert St
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