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Mixed-Use Building with Garage
For Sale
$259,900

147 N Walnut Street, Danville, IL 61832

Commercial Sale, Danville, IL

Property Size23,000 SF
Lot Size0.28 Acres
Price / SF$11.30
Days on Market48

Property Features for 147 N Walnut Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions From Highway 150 in downtown Danville, go north on Walnut St. to the corner of N. Walnut and W. Harrison St.
Subdivision Danville
Standard status Active
APN 23081130080000
Lot size 0.28 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2510

Amenities

office locations
event areas
chef's kitchen
garage area
stage

Building Details

Year built 1929
Floors in Building 2
Building materials Brick, Steel Siding
Listing Agency: RE/MAX Choice · RE/MAX International
Listed By: Joe McDaniel · License #475182942
Added: Aug 31 Changed: Oct 5 Last Checked: Oct 17 at 7:06AM
MLS# 12747927

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 23,000-square-foot mixed-use property contains office areas, event spaces, a chef’s kitchen, and a garage sized for mechanical work. The upper floor features a stage and a large open room suited to concerts and dances. Built in 1929, the building has brick and steel siding and is zoned COMMR.

At 147 N Walnut Street, the property occupies the corner of Walnut and Harrison streets in downtown Danville. Three public parking lots sit across the streets from the building, and the historic Fischer Theater is immediately to its east. An exterior entrance connects to both streets.

Key Highlights

  • 23,000‑square‑foot mixed‑use property on a 0.2808‑acre lot
  • Garage area accommodates mechanical repairs
  • Upper level includes a stage and large event room

Property Analytics

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Current Use

Crist & Associates Auction ... Trade Show Venue

Suggested Use

Top Pick Parking Lot & Garage Locksmith Garden Center Cafe & Coffee Shop Butcher Bakery

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

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

73
Businesses Nearby

Demographics for 61832, IL

32,878
Population
16,390
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
1,204
Density / Sq Mi
$45,264
Median Household Income
$37,288
Median Earnings
$805
Median Rent
$78,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Office, event, kitchen, and vehicle-repair areas are arranged across multiple levels.
Where is this mixed-use property located?
The property is located at 147 N Walnut Street Danville, IL.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 23,000‑square‑foot mixed‑use property on a 0.2808‑acre lot; Garage area accommodates mechanical repairs; Upper level includes a stage and large event room
More about this property
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