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34275166
34275186

1901 E Voorhees St, Danville, IL 61832

LK
471.008990
Realty 54
Listed by Realty 54
$18,000,000
1 day on market
Updated 1 day ago

1901 E Voorhees St

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 399,045
Cap Rate 9.32%
NOI $1,678,102
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $44
Class B
Year Built 1964
Year Renovated 2025
Buildings 2
Acreage 40.500
Zoning Industrial
Parking Spaces 770 spaces
Parking per 1,000 SqFt 1.93
Investment Type Stabilized
Tenant Credit Credit Rated
Ground Lease No
Ceiling Height 22' to 50'
Dock High Doors 16

Industrial | 9.32% CAP | 399,045 SqFt

Marketing description

1901 E. Voorhees presents a prime, fully-leased investment opportunity in Danville, Illinois — an approximately 399,045-square-foot multi-tenant industrial distribution facility on a 40-acre site. Originally built in 1964 and substantially renovated in 2025, the steel frame-and-skin building delivers a highly functional layout with 22' to 50' clear heights, 16 dock-high doors (4 covered), 4 drive-in doors, 3 overhead cranes, and 4 back-up diesel generators. It offers excellent visibility with direct proximity to I-74, rail access, and the Vermilion County Airport, plus ample parking for roughly 770 cars or trailer staging. The asset is 100% occupied by three national tenants on gross leases and, following recent capital improvements including a 2025 TPO roof overlay, generates stable, in-place cash flow, along with an assumable $10,200,000 interest only loan at 7.17% — making it a highly attractive, income-producing industrial holding.

Investment highlights

  • 399,045 SF industrial distribution facility on 40.5 acres
  • Originally built in 1964, substantially renovated in 2025
  • 22' to 50' clear heights
  • 16 dock-high doors (4 covered), 4 drive-in doors
  • 3 overhead cranes
  • 4 back-up diesel generators
  • Direct proximity to I-74

  • Near Vermilion County Airport
  • Parking for approximately 770 cars or trailer staging
  • 100% occupied by three national tenants on gross leases
  • 2025 TPO roof overlay
  • Assumable $10,200,000 interest only loan at 7.17%
  • 9.32% cap rate
  • $1,678,102 NOI
  • Stable, in-place cash flow

Listing Contacts

LK
471.008990
Realty 54
Listed by Realty 54

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,678,102.00
$139,841.83/mo

Valuation Metrics

0
DSCR
9.32%
Cap Rate
9.32%
ROI

Map

Zoning

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I1 IndustrialLight IndustrialLight Industrial
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Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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