800 S Gilbert St - Warehouse FOR SALE
Danville, IL 61832 |
$5,300,000 USD
248-318-6978
800 S Gilbert St
Danville, IL 61832
HIGHLIGHTS
- Significant room to increase rents; both tenants are on below-market modified gross leases
- Priced significantly below replacement cost at $27 per-square-foot
- Major capital improvements recently completed including new roof and tuckpointing
- Sale includes undeveloped land for future development or leasing potential
- Located in Danville, IL, the county seat of Vermilion County with a population of approximately 70,000
OVERVIEW
±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.
FOR SALE DETAILS
PRICE
$5,300,000 USD
PRICE/SF
$29 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1947
UTILITIES
Gas, Water, Sewer
CLEAR CEILING HT
21 Ft
DOCKS
10
DRIVE INS
2
PARKING SPACES
80
LAND DETAILS
LAND ACRES
12
LAND SF
522,720
ZONING
I-1
APN/PARCEL ID
23-17-100-035,23-17-100-036
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
248-318-6978
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
248-318-6978
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
