2,058 SF Freestanding QSR | Lease or Ground Lease | 24,400+ VPD on US 150/IL 1

For Lease

306 S Gilbert St, Danville, IL 61832

You can currently find 1 retail space(s) available for lease at 2,058 SF Freestanding QSR | Lease or Ground Lease | 24,400+ VPD on US 150/IL 1. Designated use type for space listed here includes retail.

Space Available For Lease 1

Contacts

Christian Pera
Josh Mack
Peter Block

Colliers

Property Details

  • Property Type Retail
  • Year Built 1983
  • Date Updated Oct 3, 2026

Located on Danville's primary north-south commercial artery, this proven QSR location at 306 S Gilbert Street offers a rare opportunity on one of the area's most established retail corridors. With over 24,000 vehicles per day passing by on S Gilbert Street, Illinois Route 1 and US Route 150, this 2,058 SF building sits on 0.42 acres with a parcel expansion option. The site benefits from more than 40 years of continuous restaurant operation and is surrounded by successful national QSR brands including McDonald's, Pizza Hut, Arby's, Steak n Shake, Taco Bell and ALDI, all within one mile. The property serves a strong demographic base of 37,925 residents with an average household income of $75,552 within five miles, drawing from Danville, Tilton and Belgium as the Vermilion County seat.

Occupied - To be vacated 10/7/27

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Reach out to the broker for more info on lease terms and amenities

Highlights

  • 37,925 residents and a $75,552 average household income within five miles, a draw that extends past the city limits into Tilton and Belgium as the Vermilion County seat.
  • Over 24,000 vehicles per day on S Gilbert Street, Illinois Route 1 and US Route 150, Danville's primary north south commercial artery.
  • Proven QSR location with more than 40 years of continuous restaurant operation, on a corridor where McDonald's, Pizza Hut, Arby's, Steak n Shake, Taco Bell and ALDI all sit within one mile and multiple national QSRs perform above national average.

Getting around

  • 48/100

    Walk Score ®

  • 36/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Danville, IL
  • Neighborhood Danville
  • Zip Code 61832

Points of Interest

  • Fast Stop

    3.22 miles

  • Shell

    5.06 miles

  • Murphy USA

    5.95 miles

  • Love's

    7.52 miles

  • Speedway

    7.53 miles

  • Phillips 66

    7.53 miles

  • Casey's General Store

    7.53 miles

  • Pilot

    7.57 miles

  • Parking Garage

    0.72 miles

  • Kickapoo Mountain Biking Trailhead

    4.98 miles

  • Rest Area I-74 (West Bound)

    5.81 miles

  • La Potosina

    0.06 miles

  • Arby's

    0.13 miles

  • Pizza Hut

    0.16 miles

  • Taco Bell

    0.17 miles

  • McDonald's

    0.24 miles

  • Subway

    0.25 miles

  • Burger King

    1.41 miles

  • KFC

    1.46 miles

  • Gross Burgers

    2.72 miles

  • Royal Donut

    2.78 miles

  • ALDI

    0.16 miles

  • Big Lots

    0.67 miles

  • Danville County Market, Towne Center

    0.70 miles

  • Ruler Foods

    2.01 miles

  • Save-A-Lot

    2.63 miles

  • Village Mall

    3.93 miles

  • Meijer

    4.99 miles

  • Kohl's

    5.10 miles

  • Walmart Supercenter

    5.95 miles

306 S Gilbert St Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    The rent for retail space at 306 S Gilbert St is available upon request. Feel free to reach out using the contact form conveniently included on this page to find out more about what the property can offer for your business.

  • The property includes 2,058 square feet of retail space for lease. Of this total, 2,058 square feet are Retail.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

Contact 2,058 SF Freestanding QSR | Lease or Ground Lease | 24,400+ VPD on US 150/IL 1
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