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    119 S Gilbert St, Unit Danville Danville, IL 61832

    For Sale
    $168,000

    Office building featuring multiple suites, garage/warehouse, and off-street parking.

    Property size:
    1 SF

    Property Features for 119 S Gilbert St

    General Information

    Size
    1 SF

    Building Details

    Year built
    1970

    Source: Larry Kuchefski, CCIM Agent Larry Kuchefski, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Professional Office Building with Garage

    This professional office building features two reception areas, six offices, a storage room, a full kitchen, a conference room, and two restrooms. It also includes a 1,148 square foot private garage/warehouse and off-street parking. The building was previously divided into three professional suites and could be converted back.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cunningham Inc Real Estate Appraiser

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.636274
    Latitude
    40.119343

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    FAQs

    What type of property is this?
    Office building - Office building featuring multiple suites, garage/warehouse, and off-street parking.
    Where is this office building located?
    The property is located at 119 S Gilbert St, Unit Danville Danville, IL.
    What is the asking price?
    The asking price for this property is $168,000.
    What are key features of this property?
    This property features: - 1,148SF Private Garage/Warehouse; - Building previously divided into (3) professional suites and could be converted back; - (6) Offices
    (217) 443-3211
    Request Owner's contact information
    119 S Gilbert St, Unit Danville Danville, IL 61832
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    Danville, IL 61832
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    119 S Gilbert St, Unit Danville Danville, IL 61832
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