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31534356
31534355

1536 E Fairchild St, Danville, IL 61832

JE
IN IN RB14040143
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$3,600,000
127 days on market
Updated 2 days ago
Opportunity zone

Distribution Warehouse | 72,233SF | 30+ CH | 11 Dock Doors

Details
APN 23-03-300-075, 23-03-400-027
Property Type Industrial
Sub Type Distribution, Warehouse (+1)
Square Footage 72,233
Net Rentable (SqFt) 72,233
Tenancy Vacant
Lease Type NNN
Price per SqFt $50
Year Built 1965
Year Renovated 2000
Buildings 9
Stories 1
Acreage 11.000
Zoning I-1 Light Industrial
Investment Type Owner/User
Occupancy Date 02/01/2026
Ground Lease No
Ceiling Height 34
Loading Docks 11
Dock High Doors 11
Ownership Fee Simple

Danville, IL | Listed Below Replacement Cost | Enterprise Zone

Marketing description

Marcus & Millichap is pleased to exclusively represent for sale or for lease 1536 E Fairchild St, a 72,233 total SF distribution/dry storage warehouse on 11.02 acres in Danville, Illinois. The subject property offers immediate availability and a functional layout. Former freezer area was operated with a Freon system. The property features 30’-34' clear heights, 40’ x 40’ column spacing, 11 dock‑high doors with dock shelters, and substantial power with (2) 800-amp panels, 600V 3-phase service. Former tenant was food grade.

Recent capital improvements include new Duro-Last roof covering on Sections A, B, and C (see Page 8) with 20-year warranty, LED lighting throughout the warehouse and exterior, fire protection system maintenance, new office entrance stairs and landscaping, riprap installation around side and rear of buildings, gutter and downspout replacements as needed, and underground drainage repairs. The subject property also features an alarm system, full perimeter fencing with razor wire and manual gate access, ample employee and truck and trailer parking.

Danville hosts a strong base of food and agricultural manufacturing, processing, and packaging companies, including McLane Midwest, Grain Craft, Teasdale Foods, Hana Group, and Sunrise FS, and benefits from durable industrial fundamentals, including a 2.1% vacancy rate and 2.4% rent growth (CoStar, January 2026). Major employers in the area include Thyssenkrupp, Honeywell, Goodyear, Carle Health, OSF HealthCare, and AutoZone, a Fortune 500 company with a regional returns center.

Conveniently located 2 miles from I‑74 (27,200 VPD) with direct access to I‑57 (25,800 VPD) and I‑72 (17,300 VPD), the property offers efficient Midwest and nationwide connectivity.

The region is supported by a 156,599‑worker labor pool across the Champaign–Urbana–Danville CSA, with an unemployment rate of 5.7%. Workforce depth is strengthened by WIOA training programs and nearby higher-education institutions, including Danville Area Community College (Enrollment: 5,247), the University of Illinois (Enrollment: 60,848), Purdue University (Enrollment: 57,310), Indiana State University (Enrollment: 7,713), Rose-Hulman Institute of Technology (Enrollment: 2,316) and Ivy Tech Community College. Within a 10‑mile radius, the population totals 52,864 with an average household income of $72,006.

Positioned in a strategic Midwest location with abundant power, interstate access, and deep labor availability, 1536 E Fairchild St presents a compelling opportunity for dry goods, food distribution, and investors seeking a versatile and logistics‑advantaged industrial asset.

Investment highlights

Property Overview

  • 72,233 Total SF | Immediate Availability
  • Available for Purchase at $49.84 SF, Well Below Replacement Cost, Offering Speed to Market for a New Owner or Lock in a Long‑Term Lease at a Competitive Rate
  • 95% Warehouse | 5% Office
  • Dry Storage/Distribution Warehouse Formerly Tenanted by Food Grade Tenant (Potential to Improve Former Freezer Spaces)
  • 30’-34’ Clear Heights | 40’ x 40’ Column Spacing
  • (11) Docks with Dock Shelters
  • Substantial Power: (2) 800 Amp Panels | 600V 3-Phase
  • Recent CapEx:
  • New Duro-Last Roof Covering (Sections A, B & C) with 20-Year Warranty; LED Lighting Throughout Warehouse & Exterior; New Office Entrance Stairs & Landscaping; Fire Protection System Maintenance; Riprap Installation Around Side & Rear of Buildings; Partial Gutter Replacement & Underground Drainage Repairs
  • Secure Building: Alarm System, Perimeter Fence with Razor Wire & Manual Gate Access
  • Ample Employee, Truck & Trailer Parking
  • Zoned I-1 Light Industrial | Enterprise Zone

Ideal for Regional & National Distribution Operations

  • Danville & Vermilion County is home to: McLane Midwest; Grain Craft; Teasdale Foods; Hana Group; Sunrise FS; Viscofan; Thyssenkrupp; Bunge Milling, Inc.; Leatherneck Hardware / ASSA ABLOY; Watchfire Signs, LLC

High Connectivity Strategic Midwest Location

  • 2 Miles to I‑74 (27,200 VPD), a Major NW/SE Interstate with Connectivity to I‑57 (25,800 VPD) & I‑72 (17,300 VPD) for Midwest & Nationwide Distribution
  • Centrally Located Between Major Midwest Metros, Including: Indianapolis (89 mi); Chicago (140 mi); St. Louis (217 mi)
  • Danville Industrial Market Strength: Vacancy: 2.1% | Rent Growth: 2.4% YoY (CoStar, April 2026)

Robust Local Economy & Workforce

  • Major Employers: Thyssenkrupp, Honeywell, Goodyear, Carle Health, OSF HealthCare & AutoZone (Fortune 500 with a Regional Returns Center)
  • Available Labor Pool: 156,599 Workers Across the Champaign–Urbana–Danville CSA
  • Unemployment Rate: 5.7%, Providing Strong Recruitable Labor
  • Workforce Development: Supported by Workforce Innovation & Opportunity Act (WIOA) Programs for Skilled Labor Training
  • Educated Workforce Supported by: Danville Area Community College; University of Illinois (Enrollment: 60,848); Purdue University (Enrollment: 86,953); Indiana State University (Enrollment: 7,713); Rose-Hulman Institute of Technology (Enrollment: 2,316); Ivy Tech Community College
  • Population: 52,864 | AHHI: $72,006 (10 Miles)

Listing Contacts

JE
IN IN RB14040143
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

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Additional Information

Name
Steven Weinstock
License
471.011175
Brokerage
Marcus & Millichap
Brokerage Phone
(630) 570-2200
Title
Broker of Record
Brokerage Address
One Mid America Plaza, Ste 200, Oakbrook Terrace, IL 60181
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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