VACANT BUILDING FOR SALE
FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
30445 Northwestern Highway, Suite 275 STEVE SAGMANI Farmington Hills, MI 48334 SENIOR ADVISOR 248.254.3410 D: 248.419.3888 fortisnetlease.com [email protected] FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
DISCLOSURE :
All materials and information received or derived from Fortis Net Lease (hereinafter collectively referred to as “FNL”), its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by FNL its directors, officers, agents, advisors, or affiliates as to com- pleteness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.
Neither FNL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. FNL will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
ALL PARTIES SHALL CONDUCT THEIR OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE:
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party.
All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. FNL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. FNL does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by FNL in compliance with all applicable fair housing and equal opportunity laws.
EXCLUSIVELY LISTED BY:
STEVE SAGMANI SENIOR ADVISOR D: 248.419.3888 [email protected]
STEVE SAGMANI | 248.419.3888 | [email protected] DISCLAIMER // 2 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
INVESTMENT SUMMARY
List Price: $1,750,000
Land Acreage: 1.56
Year Built 1997
Building Size: 23,500 SF
Price PSF: $74.47
Lease Term: N/A
Zoning: Commercial
Ownership: Fee Simple
INVESTMENT OFFERING Fortis Net Lease is pleased to present this former OfficeMax building available for sale. The subject property is located on the Illinois/Indiana border, in Danville, which is thirty miles east of Champaign, Illinois, 90 miles west of Indianapolis, Indiana, and 130 miles south of Chicago. Surrounded by agricultural communities, Danville boasts a market area of over 100,000 people. Neighboring businesses include Kohl’s, Meijer, Walmart, TJ INVESTMENT HIGHLIGHTS Maxx, Big R, Slumberland, Ross Dress For Less, Carson’s, Burlington and • 23,500 SF Former OfficeMax Building on 1.56 Acres numerous restaurants. Office Max was the only full service office supply in the market • 21,800 Vehicles Per Day on N Vermilion Street area. • 10 Mile Population Exceeds 57,000 Residents The subject property is strategically located on N Vermilion Street which has over • 3 Mile Median Home Value Exceeds $89,000 21,000 vehicles per day. It is situated in a major retail corridor in the Northern part of Danville. The ten mile population exceeds 57,000 residents and the three mile average • 3 Mile Average Household Income Exceeds $60,000 household income exceeds $60,000. The median home value within three miles exceeds $89,000. • Surrounding Retail Tenants Include Kohl’s, Meijer, Walmart, TJ Maxx, Big R, Slumberland, Ross Dress For Less, Carson’s and Burlington
STEVE SAGMANI | 248.419.3888 | [email protected] INVESTMENT OFFERING // 3 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
STEVE SAGMANI | 248.419.3888 | [email protected] PROPERTY PHOTOS // 4 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
STEVE SAGMANI | 248.419.3888 | [email protected] PROPERTY PHOTOS // 5 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
STEVE SAGMANI | 248.419.3888 | [email protected] PROPERTY PHOTOS // 6 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
STEVE SAGMANI | 248.419.3888 | [email protected] PROPERTY PHOTOS // 7 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
STEVE SAGMANI | 248.419.3888 | [email protected] PROPERTY PHOTOS // 8 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
STEVE SAGMANI | 248.419.3888 | [email protected] LOCATION MAPS // 9 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
STEVE SAGMANI | 248.419.3888 | [email protected] RETAIL AERIAL // 10 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
Former OfficeMax
STEVE SAGMANI | 248.419.3888 | [email protected] AERIAL MAP // 11 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
STEVE SAGMANI | 248.419.3888 | [email protected] AVERAGE HH INCOME // 12 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
STEVE SAGMANI | 248.419.3888 | [email protected] TOTAL RETAIL EXP/HH // 13 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
STEVE SAGMANI | 248.419.3888 | [email protected] TRAFFIC COUNTS // 14 FORMER OFFICEMAX 3371 N VERMILION, DANVILLE, IL 61832
POPULATION 3 MILES 5 MILES 10 MILES Total Population 2018 18,327 38,111 57,645
Average Age 41.20 39.30 40.00
Average Household Size 2.30 2.40 2.40
HOUSEHOLDS & INCOME 3 MILE 5 MILES 10 MILES
Total Households 7,968 15,011 22,976
Average HH Income $60,891 $52,840 $55,889
Median Home Value $89,323 $76,977 $80,800
Danville was founded in 1827 on 60 acres of land donated by Guy W. Smith and 20 acres donated by Dan W. Beckwith. Danville became a major industrial city in the late 19th and early twentieth centuries. From the 1850s to the 1940s, Danville was an important coal mining area; some of the first open pit mining techniques were practiced here. Danville is located approximately 120 miles south of Chicago, 35 miles east of Champaign-Urbana, and 90 miles west of Indianapolis, Indiana. Illinois Route 1, U.S. Route 136, and U.S. Route 150 intersect in Danville; Interstate 74 passes through the south end of town. Lake Vermilion is located on the northwest side of town.
Danville's main shopping center is the Village Mall, opened in 1975. Additional retail has spread north on Route 1/Vermilion Street since the early 90s, ranging from traditional big-box stores and retail infill and redevelopment of abandoned shopping centers. Retail in the community has increased after a large influx of redevelopment and green development happened in 2013 with the addition of Meijer and the Kohl's Plaza.
STEVE SAGMANI | 248.419.3888 | [email protected] AREA & DEMOGRAPHICS // 15 TOTAL SALES VOLUME PROPERTIES SOLD BROKER & BUYER REACH STATES SOLD IN $5.0B 2,200 250K 40
The FNL Team
EXCLUSIVELY LISTED BY: 30445 Northwestern Highway, Suite 275 Farmington Hills, MI 48334 STEVE SAGMANI SENIOR ADVISOR 248.254.3410 D: 248.419.3888 fortisnetlease.com [email protected]