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Danville, IL Banks for Sale

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Former Bank Building on Vermilion
Updated: May 13, 2025
Former Bank Building on Vermilion

2806 N Vermilion St, Danville, IL 61832

$239,000
0.86 AC lot
High traffic location on North Vermilion Street.
High visibility for business exposure.
Drive‑up teller lines.
Office space on the main floor.
Private office space on the second level.
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Danville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Former Bank Branch For Sale
Former Bank Branch For Sale

101 Meadowview Center, Kankakee, IL 60901

$500,000
7,231 sqft

Former bank branch with drive-thru, ideal for retail.

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Bank Branch with Drive-Through
Bank Branch with Drive-Through

1370 W Court St, Kankakee, IL 60901

$369,000

Prime location equipped for bank or adaptable for retail.

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Signalized Corner Net-Leased Buildings
Signalized Corner Net-Leased Buildings

3820 N College Ave, Indianapolis, IN 46205

Contact for pricing

Two free-standing buildings on a signalized corner are leased to national tenants, including Bank of America and DaVita.

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Anchored Multi-Tenant Retail Center
Anchored Multi-Tenant Retail Center

5550 Lafayette Road, Indianapolis, IN 46254

Contact for pricing

Starbucks and Old National Bank anchor a fully occupied multi-tenant retail center at a signalized intersection.

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Off-Market Properties in Danville, IL

Consider similar Off-Market properties in Danville, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

401 Franklin St
Individual retail properties

401 Franklin St, Danville, IL 61832

Value Estimation by Request
28,312 sqft 1.13 AC lot
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Danville, IL Banks Market Trends and Statistics

Explore 2 banks for sale in Danville, IL on our real estate platform.

Sale prices for bank buildings in Danville, IL average $239,000 — 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

Shopping centers 13
Drug stores 5
Showrooms 3
Storefront properties 3
Auto shops 1

Demographics Overview

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

High-Yield Neighborhoods for Investment

Identify Danville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
61832 $239K

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 50,000 to 100,000 square foot range.

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