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    3605 N Vermilion St Danville, IL 61832

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    For Sale
    $545,000

    Restaurant with lower level banquet room and seasonal seating.

    Property size:
    10,000 SF
    Lot size:
    1.85 Acres

    Property Features for 3605 N Vermilion St

    General Information

    Size
    10,000 SF
    Lot size
    1.85 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Larry Kuchefski, CCIM

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

    Overview

    Restaurant with Banquet Room For Sale

    This property features a restaurant with main level dining, a full kitchen, two walk-in coolers, a full bar, restrooms, and an exterior porch for seasonal seating. The lower level banquet room is accessible by stairway or elevator and includes a roughed-in full kitchen area with installed exhaust hoods, a bar, restrooms, and an exterior area for seasonal seating. The building, with a total size of 10000 square feet, could be converted into a banquet center, business training and retreat center, or multiple office suites. Located in Danville, IL, at 3605 N Vermilion St, the property is suitable for restaurant or retail use.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bettys Blooms & Floral ... Florist Buen Apetito North Mexican Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -87.629664
    Latitude
    40.184469

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    FAQs

    What type of property is this?
    Restaurant - Restaurant with lower level banquet room and seasonal seating.
    Where is this restaurant located?
    The property is located at 3605 N Vermilion St Danville, IL.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: - Restaurant with **fully equipped main level kitchen, bar, and seasonal porch seating.**; - Lower level banquet room with roughed-in kitchen, bar, and seasonal seating, accessible by elevator.; - Includes (2) walk-in coolers.
    (217) 918-0871
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    3605 N Vermilion St 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
    3605 N Vermilion St Danville, IL 61832
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