Building Details

Year Built 1924

Listing Agency: RE/MAX Rising

Listed By: Patrick Kniery · License #475166295 Show Phone

Source: Bktchicago

Added: Sep 7 Last Checked: Sep 7 at 2:59PM

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Investment Insights

Based on property information with market context.

This flex space property includes a 7,254 sqft building with an additional 725sqft basement. Interior areas reach 20ft ceilings, providing varied volume within the existing structure and room for customization. Constructed in 1924, the property is offered As-Is and presents a substantial commercial footprint for an owner seeking adaptable space.

Located at 201 E Exchange St in Danvers, IL 61732, the building combines a sizable main structure with additional basement area in a single property.

Key Highlights

• 7,254 sqft main building
• Additional 725sqft basement
• Areas with 20ft ceilings

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Building Supply Auto Repair Shop Garden Center Furniture & Home Goods HVAC Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

71

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 61732, IL

2,101

Population

799

Households

2.6

Avg Household Size

41

Median Age

31%

College-Educated

97%

High-School Grad

62.3 sq mi

ZIP Area

34

Density / Sq Mi

$94,688

Median Household Income

$41,524

Median Earnings

$1,142

Median Rent

$213,100

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Flexible commercial building with basement space, tall-ceiling areas, and an interior that can be adapted to operational needs.

Where is this flex space located?

The property is located at 201 E Exchange St Danvers, IL.

What is the asking price?

The asking price for this property is $90,000.

What are key features of this property?

This property features: 7,254 sqft main building; Additional 725sqft basement; Areas with 20ft ceilings