306 South Gilbert Street, Danville

SOLD
Investment Property

Lot Size – 149’ x 132’ – 19,668 SF
Building Size – 52’ x 36’ – 1,873 SF
Building being totally remodeled in 2006.

For an outstanding investment package, this location could be combined with 1217 N. Prospect, Champaign, IL for a total price of $999,000.00

Sale
$669,000.00


Lease Information
Leased:

Current lease through September 2006 at $37,056/YR/NNN + 4% of sales over $475,000
October 2006 thru September 2012 -$48,000/YR/NNN + 4% override

Options:

October 2012 thru September 2017 -$50,400/YR/NNN + 4% override
October 2017 thru September 2022 -$52,800/YR/NNN + 4% override
October 2022 thru September 2027 -$55,200/YR/NNN + 4% override

Tax Information
PIN # 23-17-108-001

2005 Taxes - $10,402.94
EAV - $109,694

Legal Description

Ellsworth Coal Cos. 1st Add to Danville All L1 & L2 B1 EX HWY ROW (0.29A)

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