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    The Largest CRE Database in the US with Over 1 Million Listings

    Larry Kuchefski, Charleston, IL

    Coldwell Banker Commercial Devonshire Realty
    Association
    Champaign County Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (217) 918-0871
    Office Address:
    201 W. Springfield Avenue, Champaign, IL, 61820

    Performance

    Listings
    41

    Listings

    For Sale (35)

    View map
    • $1,500,000
      13,500 SF

      Danville Retail Building For Sale

      13,500 SF Pharmacy/Drug Store, Vacant
      842 Main St, Danville, IL 61832
      View Details
    • $350,000
      56,465 SF

      Downtown Danville Mixed-Use Gem

      56,465 SF, Vacant, High Potential
      200 Vermilion St, Danville, IL 61832
      View Details
    • Contact for pricing
      24.82 Acres

      Tilton Exchange Land Opportunity

      Prime IL commercial land, I-74 access.
      0 Tilton Exchange, Tilton, IL 61833
      View Details
    • $100,000
      0.73 Acres

      Springfield Commercial Land - Taylor Ave

      0.73-acre lot, ideal retail/office development.
      3100 Taylor Ave, Springfield, IL 62703
      View Details
    • $1,850,000
      8,133 SF

      Danville Retail Investment Opportunity

      High-yield multi-tenant retail center
      610 Gilbert St, Danville, IL 61832
      View Details
    • Contact for pricing
      0.78 Acres

      Charleston Commercial Land - 3 Lots Available

      Prime Coles County commercial land, multiple sizes.
      2106 Woodfall Dr, Charleston, IL 61920
      View Details
    • $750,000
      0.52 Acres

      Danville Commercial Land Development

      High-traffic corner lot, build-ready.
      901 Vermilion St, Danville, IL 61832
      View Details
    • $688,000
      4,990 SF

      Danville Office Building Investment

      High-Yield Office Building, 4,990 SF
      923 Vermilion St, Danville, IL 61832
      View Details
    • $750,000
      1.50 Acres

      Prime Danville Commercial Land

      1.5-acre lot, ideal for QSR
      310 Eastgate Dr, Danville, IL 61834
      View Details
    • $445,000
      5.10 Acres

      Danville Development Land - 5 Acres

      Prime 5-acre residential development site.
      22864 State Route 1, Danville, IL 61834
      View Details
    • Contact for pricing
      6.01 Acres

      Danville, IL Commercial Land Opportunity

      Prime Danville location, divisible lots, B-3 zoning.
      22 West Newell Rd, Danville, IL 61834
      View Details
    • $575,000
      5 SF

      Commercial Building with Auto Shop

      Commercial building suitable for auto shop or retail use.
      211 N Gilbert St, Danville, IL 61832
      View Details
    • $475,000
      2 SF

      Remodeled Retail Suite For Sale

      Remodeled 2,000 SF retail suite with stylish interior.
      306 W Fairchild St, Danville, IL 61832
      View Details
    • $168,000
      1 SF

      Professional Office Building with Garage

      Office building featuring multiple suites, garage/warehouse, and off-street parking.
      119 S Gilbert St, Danville, IL 61832
      View Details
    • $1,200,000
      15 SF

      Freestanding Retail Property on Hard Corner

      High-visibility retail property with ample parking and strategic location.
      920 E Grand Ave, Springfield, IL 62702
      View Details
    • $425,000
      47 SF

      Two Industrial Buildings with Yard

      Two industrial buildings totaling 47,902 SF with asphalt lot.
      700 Commerce St, Danville, IL 61832
      View Details
    • $100,000
      73 SF

      Development Ready Commercial Land

      0.73 acre level lot ready for development.
      3100 Taylor Ave, Springfield, IL 62703
      View Details
    • $2,200,000
      8 SF

      Mixed-Use Center For Sale

      Value-add mixed-use center with diverse tenants and upside potential.
      610 N Gilbert St, Danville, IL 61832
      View Details
    • $688,000
      4 SF

      Commercial Property with Expansion Potential

      Leased commercial property with expansion potential in Danville, Illinois.
      923 North Vermilion St, Danville, IL 61832
      View Details
    • $525,000
      56 SF

      Two-Story Brick Building with Basement

      Two-story brick building with basement, ready for transformation.
      200 N Vermilion St, Danville, IL 61832
      View Details
    • $750,000

      Vermilion Street Build-Ready Land Parcel

      Clean, build-ready land parcel on Vermilion Street, Danville, Illinois.
      901 N Vermilion St, Danville, IL 61832
      View Details
    • Contact for pricing
      5 SF

      5.07 Acres of Divisible Land

      Multiple lots totaling 5.07 acres, divisible to 1.08 acres.
      22 E Newell Rd, Danville, IL 61834
      View Details
    • $115,000
      1 SF

      Retail Building on East/West Corridor

      Retail building with high traffic and excellent visibility.
      1232 E Main St, Danville, IL 61832
      View Details
    • $175,000
      1 SF

      Land Overlooking Lake Vermilion

      1.61-acre commercial land parcel in Danville, Illinois.
      2606 N Vermilion St, Danville, IL 61832
      View Details
    • $975,000
      5 SF

      Medical Office Building For Sale

      Medical office building featuring 13 exam rooms and a full basement.
      735 N Logan Ave, Danville, IL 61832
      View Details
    • $750,000
      1 SF

      Restaurant Site Near Golden Nugget

      Land near hotels and casino, ideal for restaurant development.
      310 Eastgate Dr, Danville, IL 61834
      View Details
    • Contact for pricing
      1 SF

      Available Land Lots For Sale

      Three land lots available for sale in Charleston, Illinois.
      2106 Woodfall Dr, Charleston, IL 61920
      View Details
    • $2,200,000
      32,000 SF

      Mixed-Use Center For Sale

      Value-add mixed-use center with diverse tenants and upside potential.
      610-622 N Gilbert St, Danville, IL 61832
      View Details
    • $545,000
      10,000 SF

      Restaurant with Banquet Room For Sale

      Restaurant with lower level banquet room and seasonal seating.
      3605 N Vermilion St, Danville, IL 61832
      View Details
    • $450,000
      3,600 SF

      Office Building with Private Offices

      Office space featuring private offices, conference room, and break room.
      306 N Gilbert St, Danville, IL 61832
      View Details
    • $425,000

      Two Industrial Buildings For Sale

      Two industrial buildings totaling 47,902 SF, vacant and available.
      1019 Griggs St, Danville, IL 61832
      View Details
    • $445,000

      5 Acre Commercial Land Parcel

      5 acre commercial land with frontage on N. Vermilion.
      22864 St Rte, Danville, IL
      View Details
    • $97,000

      Tilton Commercial Land For Sale

      Commercial land available near Georgetown Rd in Tilton, Illinois.
      10 Southgate Dr, Tilton, IL
      View Details
    • $395,000
      1,800 SF

      Office Property with Development Potential

      Three-building office property with leasing and development opportunities.
      102 W Lincoln Ave, Charleston, IL 61920
      View Details
    • $445,000
      5 SF

      Vermilion Street Commercial Land Available

      5 acres of commercial land with frontage on N. Vermilion.
      22864 St. Rte 1, Danville, IL 61832
      View Details

    For Lease (6)

    View map
    • $10 SF/Yr
      16,658 SF

      Former Pharmacy with Drive-Thru

      Freestanding 16,000 SF retail/medical space with drive-thru.
      1504 E Colorado Ave, Urbana, IL 61802
      View Details
    • $6 SF/Yr
      10,000 SF

      Downtown Danville Second-Floor Office Suite

      Spacious, ADA-accessible office suite in Downtown Danville with included utilities.
      27 N Vermilion St, Danville, IL 61832
      View Details
    • $10 SF/Yr
      4,800 SF

      Charleston Retail Space For Rent

      Retail space available with ample parking and high visibility.
      2104-2194 Woodfall Dr, Charleston, IL 61920
      View Details
    • $10 SF/Yr
      14,000 SF

      Versatile Space in Danville, IL

      14,000 SF space suitable for retail, apartments, or pub.
      23 W North St, Danville, IL 61832
      View Details
    • $10 SF/Yr
      13,225 SF

      Prime Corner Retail Opportunity

      Freestanding retail building with drive-up and ample parking.
      1301 N State Rd, Flora, IL 62839
      View Details
    • $24 SF/Yr
      8,190 SF

      New Retail Space Available

      Newly constructed retail space with off-street parking.
      100 N Gilbert St, Danville, IL 61832
      View Details

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    Larry Kuchefski, Charleston, IL
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Larry Kuchefski, Charleston, IL
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