For Lease
$16/SF/YR

3217 Vermilion St Danville, IL 61832

8,565 SF Restaurant, 1.42 Acres

Overview

Added:
Dec 11, 2024
Days on market:
138
This 8,565-square-foot former Red Lobster restaurant presents a unique investment or lease opportunity in Danville, Illinois. Situated on a 1.42-acre lot, this single-story building boasts 86 parking spaces and excellent visibility from US Highway 136. Built in 1991, the property is well-maintained and features nearly all fixtures, furniture, and equipment (FF&E). Its B3 - General Business zoning allows for diverse uses, including potential subdivision for multiple tenants. The property's location within Danville's primary retail area ensures high traffic and visibility, making it an ideal location for a variety of businesses. The ample parking and convenient highway access further enhance its appeal. The property's address is 3217 N Vermilion St, Danville, IL 61832, with the APN being 18-20-400-022 in Vermilion County. This versatile space offers significant potential for a savvy investor or operator seeking a prime location in a thriving market. The entire 8,565 square feet is currently vacant.

Highlights

  • 8,565 SF former Red Lobster restaurant on a 1.42-acre lot with 86 parking spaces in Danville, IL.
  • Excellent visibility from US Highway 136 with dedicated turn lane.
  • Located in a major retail area near Meijer, Lowe's, Walmart, and other national retailers.
  • Strong demographics: 32,000+ population within 5 miles and $92,000+ average household income within 1 mile.

Property Details for 3217 Vermilion St

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
8,565 SF
Year Built
1991
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
8,565 SF
Rate per SF
$16

Location Insight

City
Danville
County
Vermilion
State
Illinois
Latitude
40.176101173291
Longitude
-87.628964641976

FAQs

What type of property is this?
Retail property - 8,565 SF Restaurant, 1.42 Acres
Where is the retail property located?
The property is located at 3217 Vermilion St Danville, IL.
What is the lease rate?
The lease rate is $16/SF/YR.
What are key features of this property?
This property features: 8,565 SF former Red Lobster restaurant on a 1.42-acre lot with 86 parking spaces in Danville, IL.; Excellent visibility from US Highway 136 with dedicated turn lane.; Located in a major retail area near Meijer, Lowe's, Walmart, and other national retailers.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3217 Vermilion St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message