Single-Story Medical
For Sale
Contact for pricing
3545 N VERMILION ST, Danville, IL 61832
Patient care and support areas are arranged within a flexible medical office floor plan.
Property Size10,238 SF
Price / SF$126.98
Days on Market14
Property Features for 3545 N VERMILION ST
General Information
Standard status
Active
Size
10,238 SF
Property subtype
Office
Building Details
Buildings
1
Stories
1
Building Size
10,238 SF
Listing Agency:
Realty 54
Listed By:
Larry Kuchefski · License #471.008990
(217) 918-0871
Source:
Crexi
Added: Sep 22
Changed: Sep 27
Last Checked: Oct 4 at 7:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty 54
Investment Insights
Based on property information with market context.
This 10,238-square-foot medical office in Danville, Illinois, is configured on one level. Its layout includes two waiting rooms, seven offices, 17 exam rooms, and two X-ray rooms, alongside a physical therapy area, laboratory, and large workstation. The property also has ample parking for patients.
Key Highlights
- 10,238‑square‑foot medical office building
- Single‑story layout with two waiting rooms and seven offices
- 17 exam rooms and two X‑ray rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,969
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,059,380
$2.1M
Cap Rate 7%
$1,470,986
$1.5M
Cap Rate 9%
$1,144,100
$1.1M
Market Conditions
NOI Build-Up for 10,238 SF
Gross rent
$184.3K $18.00/SF
− Vacancy
−$47.0K −$4.59/SF
EGI
$137.3K $13.41/SF
− OpEx
−$34.3K −$3.35/SF
NOI
$103.0K $10.06/SF
Area
Vermilion County, IL
Vacancy
25.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,059,380
Cap Rate 7%
$1,470,986
Cap Rate 9%
$1,144,100
Alternative Uses
Best Use
Healthcare Medical
$1.77M
$1.55M – $2.07M
NOI $124,104 @ 7.0% cap · market cap 9.55%
Second Best
Office B
$1.47M
$1.29M – $1.72M
NOI $102,969 @ 7.0% cap · market cap 7.92%
Theoretical Best
Specialty Retail
$1.99M
$1.75M – $2.33M
NOI $139,615 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Patient care and support areas are arranged within a flexible medical office floor plan.
Where is this medical office space located?
The property is located at 3545 N VERMILION ST Danville, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 10,238‑square‑foot medical office building; Single‑story layout with two waiting rooms and seven offices; 17 exam rooms and two X‑ray rooms
