{"markerType": "CLIENT", "MlsName": "DanvilleIL", "MlsNumber": "204793", "lat": "40.1248", "lng": "-87.61581", "Address": "806 E Main Street", "City": "Danville", "StateProv": "IL", "ZipCode": "61832"}
Loading Map: Please Wait
Loading: Please Wait
13,000 Sq Ft 139 Days on Market

Description of 806 E Main Street, Danville, IL 61832

Investors take note! Now on the market and offering an incredible in-place cap rate of over 15%, this strip center features two parcels, with a two-floor, 12,000 square foot main building that is 70% occupied by a Fortune 500 backed tenant on a triple net lease. The anchor tenant has occupied the property since 1989, and pays all but $1,400 of the yearly taxes. Vacant in the main building is approximately 3,300 square feet of office/retail space that represents a value add for potential investors, bumping the potential cap rate to over 20%! Also on the main parcel, there is a 1,000 square foot free-standing building that is leased to a local tenant, and currently used as retail space. The roof on the main building is new in 2017 and has a 10 year warranty. Owner is also offering for lease, the 3,300 square feet in the main building, divisible down to approximately 500 square feet, at $4.50/sf. The second parcel is directly across Main Street, and contains a fenced parking lot.

Property Features of 806 E Main Street, Danville, IL 61832

TYPE
Commercial
Year Built
1971
Annual Taxes
$4,088.84
Acres
.8
Features
Central air
Forced air heat
Parking spaces: 16.00
Wood exterior
Lot acreage is: 0.8
Lot size: 0.80 ACRES
Slab Foundation
Asphalt driveway
City sewer
City water

Homes for Sale Nearby 806 E Main Street, Danville, IL 61832

Recent Sales Nearby 806 E Main Street, Danville, IL 61832



Community information and market data Powered by Onboard Informatics. Copyright ©2018 Onboard Informatics. Information is deemed reliable but not guaranteed. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.