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    306 N Gilbert St Danville, IL 61832

    For Sale
    $450,000

    Office space featuring private offices, conference room, and break room.

    Property size:
    3,600 SF
    Lot size:
    0.44 Acres

    Property Features for 306 N Gilbert St

    General Information

    Size
    3,600 SF
    Lot size
    0.44 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

    Office Building with Private Offices

    This 3,600 square foot office space features a secure entry leading to a spacious reception area. The layout includes 10 private offices and a central rear workstation. A wide hallway provides space for file storage and a copier station. The property includes 3 restrooms for staff and client convenience. There is a dedicated conference room, break room, and storage/file room. The divisible layout can accommodate multiple tenants or departments.
    Insight Report Location Intelligence

    Current Use by Public Records

    Long John Silver's Fast Food Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.635641
    Latitude
    40.130861

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    FAQs

    What type of property is this?
    Office space - Office space featuring private offices, conference room, and break room.
    Where is this office space located?
    The property is located at 306 N Gilbert St Danville, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - 10 private offices plus central workstation; - Divisible layout for multiple tenants/departments; - Dedicated conference room and break room
    (217) 918-0871
    Request Owner's contact information
    306 N Gilbert 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
    306 N Gilbert St Danville, IL 61832
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