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    923 North Vermilion St, Unit Danville Danville, IL 61832

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    For Sale
    $688,000

    Leased commercial property with expansion potential in Danville, Illinois.

    Property size:
    4 SF

    Property Features for 923 North Vermilion St

    General Information

    Size
    4 SF

    Source: Larry Kuchefski, CCIM Agent Larry Kuchefski, CCIM

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

    Overview

    Commercial Property with Expansion Potential

    This well-managed commercial property is 100% leased by regional and national tenants. The property includes additional lots that provide potential for further expansion. It is positioned in Danville, Illinois. The property size is 4 acres. This property is suited for investors or parties looking for stable returns and growth opportunities in the commercial real estate market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rosecrance Danville, Champaign ... Counselor Premier Care Danville Drug Testing Service DBH & Associates LLC Accountant Illinois Agricultural Auditing Tax Preparation Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.630005
    Latitude
    40.139675

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    FAQs

    What type of property is this?
    Office building - Leased commercial property with expansion potential in Danville, Illinois.
    Where is this office building located?
    The property is located at 923 North Vermilion St, Unit Danville Danville, IL.
    What is the asking price?
    The asking price for this property is $688,000.
    What are key features of this property?
    This property features: - Strategically positioned commercial property, perfect for your portfolio.; - 100% leased by regional and national tenants, ensuring stable returns.; - Well-managed property.
    (217) 443-3211
    Request Owner's contact information
    923 North Vermilion St, Unit Danville 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
    923 North Vermilion St, Unit Danville Danville, IL 61832
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