1 South Street Danville, IL 61832
COMMERCIAL - Danville, IL
- Added:
- Jul 8, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 11 at 3:06 pm
Property Features for 1 South Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 23-20-201-023
- Lot size
- 1.91 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8238
Building Details
- Year built
- 2017
- Floors in Building
- 1
Listing agent Clayton Maddox License #475189441 (217) 356-6100
Listing office KELLER WILLIAMS-TREC 2441 Village Green Place, Champaign, IL (217) 356-6100
Listing date Jul 8, 2026
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The building is positioned within Tilton’s Commercial district, with access to I-74 described in the remarks. The property is also located within Tilton’s TIF District #3 and within an Enterprise Zone, both noted as potential considerations for business owners. The offering is listed as a for-sale transaction.
With separate shop spaces plus an office, the layout can support a range of operational needs for tenants seeking adaptable manufacturing, storage, or service-oriented space alongside office space. The commercial zoning classification (COMMR) aligns with a variety of commercial uses, and the overhead door clear height supports practical loading and work-in-shop activity.
Key Highlights
- Built in 2017 commercial facility in Tilton’s Commercial district with total approx. 15,904 sqft +/−
- Shop 1: 96' x 88' (approx. 8,448 sqft +/−) with 16' ceiling height and 14' overhead door height
- Shop 2: 60' x 88' (approx. 5,280 sqft +/−) for flexible business use
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.0k | $7.92 |
| − Vacancy | −$10.8k | −$0.68 |
| EGI | $115.1k | $7.24 |
| − OpEx | −$17.3k | −$1.09 |
| NOI | $97.9k | $6.15 |
