Danville Commercial Building For
For Sale
$239,900
4 E Main St, Danville, OH 43014
Well-maintained commercial building in Danville, Ohio, with income potential.
Property Size2,574 SF
Price / SF$93.20
Days on Market258
Property Features for 4 E Main St
General Information
Standard status
Active
Size
2,574 SF
Building Details
Year Built
1930
Listing Agency:
Howard Hanna Real Estate Services
Listed By:
Darci Nicole Thomas · License #2021003851
(419) 920-4100
Source:
Thelorilynngroup
Added: Jan 26
Changed: Oct 3
Last Checked: Oct 10 at 1:02AM
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 Howard Hanna Real Estate Services
Investment Insights
Based on property information with market context.
Located on the square in Danville, Ohio, this commercial building offers visibility and potential. The property, formerly a veterinary clinic, includes multiple adaptable rooms, private and public restrooms, new exterior awnings, a covered rear entrance with a handicap-accessible ramp, and a backup generator. Part of the space is currently leased, generating income, while the remaining square footage allows for additional tenants or owner occupancy. The property is positioned as a potential investment opportunity.
Key Highlights
- Prime location on the square in the heart of Danville offering excellent visibility.
- Income‑producing property with existing lease in place.
- Generous square footage with multiple adaptable rooms for various uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,007
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,140
$200.1K
Cap Rate 7%
$142,957
$143.0K
Cap Rate 9%
$111,189
$111.2K
Market Conditions
NOI Build-Up for 2,574 SF
Gross rent
$14.8K $5.76/SF
− Vacancy
−$531 −$0.21/SF
EGI
$14.3K $5.55/SF
− OpEx
−$4.3K −$1.67/SF
NOI
$10.0K $3.89/SF
Area
Knox County, OH
Vacancy
3.58%
Lease Rate
$5.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,140
Cap Rate 7%
$142,957
Cap Rate 9%
$111,189
Alternative Uses
Best Use
Healthcare Medical
$453.5K
$396.8K – $529.1K
NOI $31,744 @ 7.0% cap · market cap 13.23%
Second Best
Office B
$421.6K
$368.9K – $491.9K
NOI $29,512 @ 7.0% cap · market cap 12.30%
Theoretical Best
Specialty Retail
$718.0K
$628.2K – $837.6K
NOI $50,257 @ 7.0% cap · market cap 20.95%
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
127
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43014, OH
3,850
Population
1,430
Households
2.7
Avg Household Size
34
Median Age
12%
College-Educated
83%
High-School Grad
70.0 sq mi
ZIP Area
55
Density / Sq Mi
$63,239
Median Household Income
$40,422
Median Earnings
$198,600
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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Similar Off Market Nearby
- Danville Veterinary Clinic — 26781 Danville Amity Rd, Danville, OH 43014
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained commercial building in Danville, Ohio, with income potential.
Where is this medical office space located?
The property is located at 4 E Main St Danville, OH.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Prime location on the square in the heart of Danville offering excellent visibility.; Income‑producing property with existing lease in place.; Generous square footage with multiple adaptable rooms for various uses.
