401 W Main St - Specialty FOR SALE


Danvers, IL 61732
$700,000 USD
309-824-0507
401 W Main St, Danvers, IL for Sale
$700,000 USD
Specialty - FOR SALE
1/3
null | 6.1% Cap Rate

401 W Main St
Danvers, IL 61732


HIGHLIGHTS

  • 77 rentable units, including storage, parking, and one apartment.
  • Current occupancy approximately 97%, demonstrating strong demand.
  • Easy drive-up access and a mix of unit sizes for diverse tenant needs.
  • Located near Bloomington-Normal with access to major highways and regional markets.

OVERVIEW

Rocki Mini Storage presents an established self-storage investment opportunity in Danvers, Illinois. This property offers 77 rentable units, including storage, parking, and one apartment, providing a diversified income stream. With over 14,000 square feet of rentable space, the facility accommodates a range of unit sizes to meet the needs of local residents and businesses. The property benefits from easy drive-up access and a layout designed for operational efficiency. Current occupancy is approximately 97%, reflecting consistent demand and stable performance. Financials indicate strong income generation, with 2024 actual income of $62,897 and projected 2025 income of $69,033, resulting in a net operating income exceeding $44,000. Located in McLean County, the site offers convenient access to surrounding communities and regional transportation routes, including proximity to Bloomington-Normal and major highways such as I-74. This asset provides investors with a reliable, low-maintenance property in a proven sector, supported by steady cash flow and minimal management requirements.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$48 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

-

APN/PARCEL ID

12-23-131-005,12-23-251-008

ASK ABOUT THIS PROPERTY

Laura PrittsAXIS 360 Commercial Real Estate SpecialistsMore Info
309-824-0507

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Laura PrittsAXIS 360 Commercial Real Estate SpecialistsMore Info
309-824-0507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.