800 Gilbert St Danville, IL 61832

This Danville, Illinois industrial property offers a compelling investment opportunity. The 175,050-square-foot building, situated on 15.69 acres at 800 S Gilbert St, features two suites: an 85,050-square-foot unit and a 90,000-square-foot unit. Currently fully occupied by Thyssenkrupp Crankshaft and Dawson Logistics, LLC, both tenants operate under modified gross leases. The property boasts 10 loading docks and 2 dock-high doors. Built in 1947 and renovated in 1968, the property benefits from significant recent capital improvements, including roof upgrades. The asking price is $4,800,000, generating a strong net operating income (NOI) of $493,568 and a 10.28% capitalization rate. The property's strategic location near the Interstate 74 and U.S. Route 150 interchange provides excellent access to transportation networks. One tenant is significantly below market rent, presenting a substantial opportunity to increase future income. The property is priced at $27.42 per square foot, significantly below replacement cost. The property's APN is 23-17-100-035