1031 Exchange

Danville, IL 1031 Exchange Properties for Sale

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American Inn Motel For Sale
Updated: Apr 2
American Inn Motel For Sale

1824 E Main Street, Danville, IL 61832

$500,000
0.92 AC lot
Strategic location on East Main Street (U.S. Route 136) near Interstate 74 and within Danville's Campus Corridor TIF District, offering potential financial incentives.
Strong income growth: Gross income increased from $199,793 in 2022 to $249,320 in 2023.
Proximity to major demand generators: VA Illiana Health Care System, Danville Area Community College (DACC), and Golden Nugget Danville Casino.
Additional land included: Situated on 0.92 acres with two vacant parcels for potential development or expansion.
On‑site 3‑bedroom apartment: Ideal for owner occupancy or generating rental income.
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Danville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Multi-Tenant Warehouse
Renovated Multi-Tenant Warehouse

3031 South Holt Road, Indianapolis, IN 46221

$795,000
10,000 sqft

Renovated industrial space with C5 zoning and automotive uses permitted.

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Mixed-Use Commercial Building
Mixed-Use Commercial Building

7628 Michigan Rd, Plymouth, IN 46563

$695,000
10,000 sqft

Mixed-use commercial building currently generating $4,850 per month in leases.

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Mixed-Use Commercial Building
Mixed-Use Commercial Building

7668 Michigan Road, Plymouth, IN 46563

$295,000
1.39 AC lot

Leased mixed-use building totaling 4,100 square feet on 1.39 acres in Plymouth.

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Modern Retail Center in Indianapolis
Modern Retail Center in Indianapolis

8220 E 106th St, Indianapolis, IN 46256

Contact for pricing
12,277 sqft

Stabilized retail center in a high-growth Indianapolis submarket.

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Danville, IL 1031 Exchange Properties Market Trends and Statistics

Explore 1 1031 exchange properties for sale in Danville, IL on our real estate platform.

Sale prices for 1031 exchange properties in Danville, IL average $500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

NNN properties 2
1031 exchange properties 1
Schools 1

Demographics Overview

Population 42K
Population Growth (5Y) -11.4%
Median Household Income $52,334
College Educated 20.4%

Taxes & Financing

Tax Rate (average for all types) 9.28%
Tax Rate vs County Average 0.11 pp above county avg
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Danville fall within the 10,000 to 25,000 square foot range.

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