Multi-Building Industrial and Office
701 TILTON RD Danville, IL 61832
701 TILTON RD, Danville, IL, 61832
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For Sale
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Three buildings with multiple overhead doors and office space provide flexible setup for storage, operations, or mixed use.
Property Size7,323 SF
Price / SF$66.23
Days on Market54
Property Features for 701 TILTON RD
General Information
- Standard status
- Active
- Size
- 7,323 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1960
Listing agency
Realty 54
(217) 918-0871
Listed by
Larry Kuchefski · License #471.008990
Source
Crexi
Added: May 29 Updated: Jul 10 at 4:00PM Checked: Jul 21 at 5:52AM
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.
The property consists of three well-maintained buildings designed to support business use, storage, or mixed-use configurations. The main building is a solid concrete block structure with a framed office addition and additional office space at the rear. It features two 14' x 13' overhead doors, 15-foot sidewalls, durable poured concrete flooring, and a steel roof on steel framing. Above the office area, a loft adds extra storage and space for mechanical systems, and the roof was replaced in 2026.
A second building provides additional flexible workspace with a 30' x 60' post-frame structure, steel siding and roofing, and end-ready access. It includes a service door and 16' x 10' overhead doors on both ends, supporting equipment movement or drive-through capability. The building is fully insulated with OSB-lined walls and ceiling and heated with a gas-fired hanging heater. Note that this structure has no plumbing.
A detached 48' x 36' garage rounds out the setup with two 9' x 10' overhead doors, a service door, and a fully insulated interior. This building includes forced-air heating and cooling, two water heaters, washer and dryer hookups, a deep sink, restroom, and a separate shower room, which can fit workshop needs or other support-oriented uses. Leasing is negotiable.
A second building provides additional flexible workspace with a 30' x 60' post-frame structure, steel siding and roofing, and end-ready access. It includes a service door and 16' x 10' overhead doors on both ends, supporting equipment movement or drive-through capability. The building is fully insulated with OSB-lined walls and ceiling and heated with a gas-fired hanging heater. Note that this structure has no plumbing.
A detached 48' x 36' garage rounds out the setup with two 9' x 10' overhead doors, a service door, and a fully insulated interior. This building includes forced-air heating and cooling, two water heaters, washer and dryer hookups, a deep sink, restroom, and a separate shower room, which can fit workshop needs or other support-oriented uses. Leasing is negotiable.
Key Highlights
- Three‑building setup for storage, business space, or mixed use, with office space plus multiple overhead doors across the property.
- Main concrete block building with framed office addition and rear office space; includes two 14' x 13' overhead doors, 15' sidewalls, and poured concrete flooring.
- Steel roof on the main building recently replaced in 2026; steel framing supports the roof, with a loft above office space for storage and mechanical systems.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.0k | $7.92 |
| − Vacancy | −$5.0k | −$0.68 |
| EGI | $53.0k | $7.24 |
| − OpEx | −$15.9k | −$2.17 |
| NOI | $37.1k | $5.07 |
7,323 SF · lease $7.92/SF/yr · vacancy 8.60% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$643.7K
$563.2K – $751.0K
NOI $45,059 @ 7.0% cap · market cap 9.29%
Second Best
Industrial
$530.1K
$463.8K – $618.5K
NOI $37,107 @ 7.0% cap · market cap 7.65%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.66M
NOI $99,864 @ 7.0% cap · market cap 20.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Newton's Cleaning & Restoration, ...
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Three buildings with multiple overhead doors and office space provide flexible setup for storage, operations, or mixed use.
Where is this flex space located?
The property is located at 701 TILTON RD Danville, IL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Three‑building setup for storage, business space, or mixed use, with office space plus multiple overhead doors across the property.; Main concrete block building with framed office addition and rear office space; includes two 14' x 13' overhead doors, 15' sidewalls, and poured concrete flooring.; Steel roof on the main building recently replaced in 2026; steel framing supports the roof, with a loft above office space for storage and mechanical systems.
