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3290 E Main St
Danville, IL 61834
Income & Repositioning Opportunity · Bureau Propriété À vendre


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Faits saillants de l'investissement
- Current Income stream through January 2028
- Immediate occupancy for large corporate user
- Below replacement cost acquisition
- Flexible floor plan with multi-tenant potential
Résumé de l'annonce
Property Description
Coldwell Banker Commercial Devonshire Realty has been retained to market for sale the fee-simple interest in 3905 E Main Street, in Danville, IL.
Located in the Mervis Innovation Business Park, 3905 E Main Street is a 63,123 square foot institutional-quality office facility situated on 7.45 acres in Danville, Illinois. Originally developed for and occupied by Health Care Service Corporation d/b/a Blue Cross Blue Shield, the property is currently leased on an Absolute NNN basis through January 31, 2028, providing immediate cash flow while creating a unique value-add repositioning opportunity.
Blue Cross Blue Shield has publicly announced plans to retain a Danville presence, but will transition operations to a remote workforce model and is expected to vacate the facility during Summer 2026. As a result, investors have the rare opportunity to acquire a stabilized income-producing asset with approximately eighteen (18) months of remaining term while simultaneously planning for the property’s next phase of use.
Given the limited inventory of large block office space in the Danville market, the property’s use extends beyond traditional office occupancy. Potential future applications include light industrial conversion, manufacturing support operations, data processing, flex industrial redevelopment, or adaptive reuse. The remaining lease term offers a valuable runway to new opportunities, pursue entitlement strategies, and execute a thoughtful repositioning plan while benefiting from in-place rental income.
Coldwell Banker Commercial Devonshire Realty has been retained to market for sale the fee-simple interest in 3905 E Main Street, in Danville, IL.
Located in the Mervis Innovation Business Park, 3905 E Main Street is a 63,123 square foot institutional-quality office facility situated on 7.45 acres in Danville, Illinois. Originally developed for and occupied by Health Care Service Corporation d/b/a Blue Cross Blue Shield, the property is currently leased on an Absolute NNN basis through January 31, 2028, providing immediate cash flow while creating a unique value-add repositioning opportunity.
Blue Cross Blue Shield has publicly announced plans to retain a Danville presence, but will transition operations to a remote workforce model and is expected to vacate the facility during Summer 2026. As a result, investors have the rare opportunity to acquire a stabilized income-producing asset with approximately eighteen (18) months of remaining term while simultaneously planning for the property’s next phase of use.
Given the limited inventory of large block office space in the Danville market, the property’s use extends beyond traditional office occupancy. Potential future applications include light industrial conversion, manufacturing support operations, data processing, flex industrial redevelopment, or adaptive reuse. The remaining lease term offers a valuable runway to new opportunities, pursue entitlement strategies, and execute a thoughtful repositioning plan while benefiting from in-place rental income.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Taille du bâtiment
63 123 pi²
Année de construction
1991
Prix
4 441 344 $ CAD
Prix par pi²
70,36 $ CAD
Pourcentage loué
100%
Hauteur du bâtiment
1 étage
Superficie de plancher typique
63 123 pi²
Zone de développement économique
Oui
Zonage
I-1 Light Industrial - Light Industrial
Impôts fonciers
| Numéro de lot | 23-12-200-001 | Évaluation des bâtiments | 1 207 103 $ CAD |
| Évaluation du terrain | 38 898 $ CAD | Évaluation totale | 1 246 001 $ CAD |
Impôts fonciers
Numéro de lot
23-12-200-001
Évaluation du terrain
38 898 $ CAD
Évaluation des bâtiments
1 207 103 $ CAD
Évaluation totale
1 246 001 $ CAD
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