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266 Eastgate Dr
Danville, IL 61834
Industrial Property For Sale
Investment Highlights
- 18' Clear Heights
- Long Stable Tenants
- Opportunity Zone
- Expansion Potential
- Below Market Rents
PROPERTY FACTS
| Property Type | Industrial | Year Built | 1985 |
| Property Subtype | Warehouse | Parking Ratio | 1.16/1,000 SF |
| Building Class | C | Clear Ceiling Height | 10 ft |
| Lot Size | 10.31 AC | No. Dock-High Doors/Loading | 4 |
| Rentable Building Area | 85,375 SF | Level Access Doors | 1 |
| Number of Floors | 1 |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 10.31 AC |
| Rentable Building Area | 85,375 SF |
| Number of Floors | 1 |
| Year Built | 1985 |
| Parking Ratio | 1.16/1,000 SF |
| Clear Ceiling Height | 10 ft |
| No. Dock-High Doors/Loading | 4 |
| Level Access Doors | 1 |
About 266 Eastgate Dr , Danville, IL 61834
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale this multi-tenant Industrial asset. The subject property is located just north of the Lynch Rd and I-74 interchange in Southeast Danville and less than 1 mile from the Illinois/Indiana border. Danville is 41 miles east of Champaign IL via I-74, 53 miles north of Terre Haute IN via IN-63, 83 miles northwest of Indianapolis IN via I-74, and 140 miles south of Chicago IL via US-41/I-57. Subject property is a steel industrial building constructed in 1985 and sits on 10.31 acres with room to expand the building. The building consists of 85,375 SF that is currently split into 2 sections. The warehouse portion (68,125 SF) has been lease to AutoZone as a return processing center since 1998. They are currently in their ninth lease extension through 8/31/21 with one additional 3 year renewal option. The office portion (17,250 SF) is currently being utilized by the building owners for long term file storage and an employee work out facility. Prior to selling the building, Mervis industries will enter into a 5 year lease for the office portion of the building with a 90 day landlord termination option. See lease abstract for more financial details. The property is located in an Opportunity Zone (Census Tract 17183011200). The subject property is located just north of the Lynch Rd and I-74 interchange in Southeast Danville and less than 1 mile from the Illinois/Indiana border. Danville is 41 miles east of Champaign IL via I-74, 53 miles north of Terre Haute IN via IN-63, 83 miles northwest of Indianapolis IN via I-74, and 140 miles south of Chicago IL via US-41/I-57.
PROPERTY TAXES
| Parcel Number | 23-12-451-016 | Improvements Assessment | £277,422 |
| Land Assessment | £24,807 | Total Assessment | £302,229 |
PROPERTY TAXES
zoning
| Zoning Code | General Industrial |
| General Industrial |
