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    1019 Griggs St Danville, IL 61832

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    For Sale
    $425,000

    Two industrial buildings totaling 47,902 SF, vacant and available.

    Lot size:
    2.95 Acres

    Property Features for 1019 Griggs St

    General Information

    Lot size
    2.95 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

    Two Industrial Buildings For Sale

    The property features two vacant industrial buildings separated by an asphalt lot that facilitates employee and delivery truck access. The east building measures 26,215 square feet, while the west building encompasses 21,687 square feet. Electrical service is provided by a three-phase 600-amp panel. The buildings include office space, production offices, and open manufacturing areas. Ceiling heights range from 12 feet to 32 feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    GEMCO Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel 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
    -87.607379
    Latitude
    40.135214

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    FAQs

    What type of property is this?
    Manufacturing property - Two industrial buildings totaling 47,902 SF, vacant and available.
    Where is this manufacturing property located?
    The property is located at 1019 Griggs St Danville, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Two industrial buildings totaling 47,902 square feet.; - Features three-phase 600-amp electrical service.; - Ceiling heights range from 12' to 32'.
    (217) 918-0871
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    1019 Griggs 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
    1019 Griggs St Danville, IL 61832
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