610 N Gilbert St, Danville, IL

Retail for Sale - $1,962,000 - 8,133 Sq. Ft.


Agent Info

Larry Kuchefski, CCIM
Coldwell Banker Commercial Devonshire Realty

Property Info

CIMLS#1151913
Location
  610 N Gilbert St
  Danville IL 61832
UpdatedNovember 29th, 2023
TypeRetail
Price$1,962,000
Building8,133 Sq. Ft.

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is delighted to present this Value added, mixed-use center, now available for exclusive sale. Constructed in 1969 by Black & Co. to cater to the sale of home goods, sporting equipment, and construction supplies, the building underwent a transformative evolution, eventually being divided into five distinct storefronts.

The recent additions of Industry Labs, Full Access Healthcare, and Swing Sports complement the long-termed tenants, Aunt Martha’s Medical Group and Rent-A-Center and increases the occupancy to 75%. This diverse mix enhances the overall marketability of the property, and combined with the value-added component, is an appealing choice for the investor who wants cash flow and upside potential.


Financials