Auction - Receiver Sale: Walmart & Menards Shadow… — Sale in Danville, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Property
- Location: Danville, IL 61834
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Description
Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2647 22 W Newell Road in Danville, IL is a 27,050 SF multi-tenant strip center shadow-anchored by Walmart Supercenter and Menards. Built in 2002 on 4.18 acres with 155 parking spaces, the center is 60% occupied, leaving 10,940 SF available for lease, including both end-cap units and multiple contiguous suites that can be configured for a range of tenant sizes. In-place income is led by Dollar Tree, which has operated at the site for more than 22 years, and Fujiyama Japanese Steakhouse, a tenant for more than eight years, with over four years of term remaining on both leases. The value-add thesis centers on leasing the vacant space to stabilize occupancy and grow income. Adjacent Walmart and Menards draw a combined 2.7 million annual visitors, and the property sits just off the Route 136 exit and entrance ramp with 13,400 vehicles passing daily. Kohl's, T.J. Maxx, Lowe's and Harbor Freight round out the surrounding retail node, while an average household income of $100,815 within one mile supports continued retail demand. Investment Highlights: • Auction - November 17-19 | Starting Bid: $750,000 • Dollar Tree In Place for More Than 22 Years • Shadow-Anchored by Walmart and Menards • 10,940 SF of Available Space to Lease • Positioned Off the Route 136 Interchange • $100,815 Average Household Income in 1 Mile • National Retailers Surround the Center
Market Context
This retail in Danville, IL is listed for sale. Compare it against other retail listings for sale in Danville, IL — view the full market.
Contact the listing broker
This listing comes from the Marcus & Millichap website. CREhunt does not pass messages to the broker. Contact the broker directly.
- Mike Banwell · (954) 245-3397 · mike.banwell@marcusmillichap.com
- Austin Weisenbeck · (630) 570-2169 · austin.weisenbeck@marcusmillichap.com
- Sean Sharko · (630) 570-2238 · sean.sharko@marcusmillichap.com
- Steven Weinstock · (630) 570-2250
Questions to ask the broker
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- What is the asking price?
- What is the current zoning, and does it allow my intended use?
- How many parking spaces come with the property?
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