
1901 E Voorhees St
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
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