Danville Village

2917 N Vermilion St, Danville, IL 61832

Property Information

  • For Sale $5,963,000
  • Property Type Retail - Strip
  • Property Size 126,153 SF
  • Units 4
  • Lot Size 10.21 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1979
  • Date Updated May 31, 2026

Description

Danville, Illinois, is a charming city located in the eastern part of the state, near the Indiana border. As the county seat of Vermilion County, it boasts a rich history dating back to the early 19th century. Danville played a vital role in the region’s development, particularly in the coal mining industry during the late 1800s and early 1900s. Today, the city embraces its historical roots, featuring grand architecture like the courthouse and beautifully preserved buildings from the late 19th century. Danville is also home to a variety of cultural and recreational activities, including scenic parks, engaging museums, and nearby lakes that offer outdoor adventures. In recent years, the city has focused on revitalizing its downtown, attracting new businesses and creating vibrant community spaces. Thanks to its close-knit residents, diverse population, and strong local pride, Danville continues to thrive as a welcoming and forward-looking city. Danville has undergone economic transformations over the years, evolving from a bustling industrial hub to a city embracing new opportunities. Historically, industries such as coal mining, manufacturing, and agriculture fueled the economy, with coal playing a significant role in the early 20th century. While the city has faced challenges due to industrial shifts, Danville has taken proactive steps to foster economic renewal, drawing on its strengths in healthcare, education, and agriculture. Institutions like the VA Illiana Health Care System and Danville Area Community College offer stable employment while attracting talent and investment. The fertile lands surrounding the city contribute to thriving agricultural production, supporting corn, soybeans, and livestock industries. Recent efforts to enhance infrastructure, support local businesses, and revitalize key areas have led to renewed optimism and progress. With a lower cost of living compared to larger cities, Danville is an attractive destination for individuals and businesses looking to establish roots. Its proximity to major markets in Illinois and neighboring Indiana further strengthens business opportunities, making Danville a promising city with steady economic growth. As revitalization efforts gain momentum, the city’s healthcare, agriculture, and business sectors continue to pave the way for a bright future..

Highlights

  • 126,153 SF Building | Fully Occupied Grocery Anchored Shopping Center with National Tenants Priced at $56/SF
  • Along the Main Retail Corridor Within Danville | Nearby National Retailers & Services Include: McDonalds, Buffalow Wild Wings, Aspen Dental, Planet Fitness, Dollar General, Arby's, Dairy Queen, Taco Bell, Wendy's, Lowe's Home Improvement, Meijer, TJ Maxx, Kohl's, and More.
  • Anchored by Danville Mall | Sprawling 280,000+ SF Mall Across 23.91 Acres | Value Add Opportunity with Multiple National LOI's for Larger Boxes | Inquire for Purchase
  • Below Market Rents | Current Average Rent is $5.04/SF | Market Rent Is Over $7.00/SF
  • High Foot Traffic Counts From Tenants In Place | Dunham's 84K+ Average Visits Per Year & County Market 513K+ Average Visits Per Year
  • Long Term Tenancy From Grocer Anchor | County Market has Served as a Pillar for the Community Here Since 1999
  • Nearby Destinations for Residents and Visitors | Turtle Run Golf Club, Danville Country Club, and Lake Vermillion are All Within a 5-Minute Drive

Contacts

Hunter Rupp

Encore Real Estate Investment Services

Location

Located at 2917 N Vermilion St, Danville, IL 61832, this property is part of the Danville neighborhood.

Contact Listing Broker
Hunter Rupp

Encore Real Estate Investment Services

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