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    Multi-Building Industrial and Office Property Title is generated by Realmo AI

    701 TILTON RD, Danville, IL 61832

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    Three buildings with multiple overhead doors and office space provide flexible setup for storage, operations, or mixed use.

    Type:Industrial
    Property size:
    7,323 SF
    Price / SF:
    $66/SF
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 5:02 am

    Property Features for 701 TILTON RD

    General Information

    Standard status
    Active
    Size
    7,323 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Larry Kuchefski
    Larry Kuchefski

    Listing agent Larry Kuchefski License #471.008990

    Listing office Realty 54

    Listing date May 29, 2026

    Source Crexi

    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

    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.
    • Second building is a 30' x 60' post‑frame structure with steel siding/roofing, service door, and 16' x 10' overhead doors on both ends.
    • Second building is fully insulated (OSB‑lined walls and ceiling) and heated by a gas‑fired hanging heater; no plumbing in this structure.
    • Third building is a 48' x 36' detached garage with two 9' x 10' overhead doors plus insulated interior and forced‑air heating/cooling, water heaters, restroom, and shower room.

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Newton's Cleaning & Restoration, ... Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.637081
    Latitude
    40.108828

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    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.
    (217) 918-0871 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Larry Kuchefski
    Larry Kuchefski
    Real Estate License ID: 471.008990
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    701 TILTON RD, DANVILLE, IL 61832
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