Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    735 N Logan Ave Danville, IL 61832

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $975,000

    Medical office building featuring 13 exam rooms and a full basement.

    Lot size:
    33.00 Acres

    Property Features for 735 N Logan Ave

    General Information

    Lot size
    33.00 Acres

    Building Details

    Year built
    2010

    We can help!

    Listing Contact
    Larry Kuchefski, Ccim
    Larry Kuchefski, Ccim
    Source: Cbcworldwide

    Listing Agency: Coldwell Banker Commercial Devonshire Realty Listing Agent: Larry Kuchefski, Ccim

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

    Learn more

    Property Insight Report

    Overview

    Medical Office Building For Sale

    The original building was constructed in 1978 and expanded in 2010. The office space includes 13 exam rooms, a large reception area, a check-in and check-out station, a records office, three additional offices, and a lab area. The property also features a full basement with a break room, additional office space, exam rooms, and a file room. Furniture, fixtures, and equipment are negotiable. The property is suitable for medical offices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Practice Medical Clinic Sadiq Naveed I ... Physician Sadiq Raja M ... Pediatrician Kara K. Wangler, ... Physician Kara Sharpf Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Fairchild Animal Hospital: Grice Carol DVM, Bradley Laura DVM, Fairchild Animal Hospital: Adams Meredith DVM

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.644963
    Latitude
    40.134878

    Nearby Similar for Sale

    • New
      $549,000
      9,381 SF

      Versatile Office Space Near Hospitals

      9,381 SF office space ideal for medical or professional use.
      701 W Fairchild St, Danville, IL 61832
      View Details
    • New
      $425,000
      1.14 Acres

      Versatile Commercial Property Near I-74

      Updated property with living, workspace, and investment potential.
      176 S Henning Rd, Danville, IL 61832
      View Details
    • $650,000
      0.92 Acres

      Danville Motel with Development Potential

      Operating 33-room motel with land in Danville, Illinois.
      1824 E Main St, Danville, IL 61832
      View Details
    • $599,900
      0.50 Acres

      Established Bar & Grill Opportunity

      Turnkey bar and grill with equipment in southeast Danville.
      3124 Perrysville Rd, Danville, IL 61834
      View Details
    • $135,000
      0.08 Acres

      Historic Storefront in Downtown Danville

      Preserved historic storefront with modern functionality in downtown Danville.
      57 N Vermilion St, Danville, IL 61832
      View Details
    • $79,900

      Danville Brick Duplex For Sale

      Brick duplex in Danville, Illinois, with rental income potential.
      1003 N Franklin St, Danville, IL 61832
      View Details
    • $55,000
      Pending

      Danville, IL Residential Income Property

      Three-unit residential income property in Danville, Illinois, fully leased.
      409 Chandler St, Danville, IL 61832
      View Details
    • $50,000
      Pending

      Danville, IL Residential Income Property

      Duplex suitable for cash flow or owner-occupancy with rental income.
      716 Robinson St, Danville, IL 61832
      View Details
    • $90,000
      0.12 Acres

      Danville Duplex with Rental Income

      Two-unit duplex in Danville, Illinois, fully rented and managed.
      123 N Gilbert St, Danville, IL 61832
      View Details
    • $275,000

      Historic Danville Office Building For Sale

      Two-story, 35,000 SF office building with redevelopment potential.
      17 W North 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
    • $400,000

      Transportation Warehouse Near I-74

      Danville, IL warehouse with convenient access to regional markets.
      200 E 14Th St, Danville, IL 61832
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office building featuring 13 exam rooms and a full basement.
    Where is this medical office space located?
    The property is located at 735 N Logan Ave Danville, IL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - 13 Exam Rooms: Ideal for established or expanding practices.; - Expanded in 2010: Benefit of newer construction within an established building.; - Full Basement: Offers additional space for break room, office, exam rooms, and file room.
    (217) 918-0871
    Request Owner's contact information
    735 N Logan Ave Danville, IL 61832
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    735 N Logan Ave
    Danville, IL 61832
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    735 N Logan Ave Danville, IL 61832
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Larry Kuchefski, Ccim
    Larry Kuchefski, Ccim
    (217) 918-0871 (217) 443-3211 (217) 352-7712
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!