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Brick Flex Space with Warehouse
For Sale
Contact for pricing
Pending

701 W Madison St, Danville, IL 61832

Front office space is paired with rear warehouse and storage areas.

Property SizeContact for details
Days on Market144

Property Features for 701 W Madison St

General Information

Standard status Pending
Property subtype Special Purpose, Retail

Property Condition

Severity Repairs Needed
Evidence needs some work

Building Details

Buildings 1
Construction brick
Listing Agency: Coldwell Banker Real Estate Champaign
Listed By: NATE BYRAM · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 9:57PM

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 Coldwell Banker Real Estate Champaign

Investment Insights

Based on property information with market context.

Located at 701 W Madison St in Danville, Illinois, this vintage all-brick flex property combines office and industrial functions within one building. Office space occupies the front portion, while warehouse and storage areas extend to the rear.

The upper level requires work and was originally configured as apartments. That area may also serve as additional storage or be finished for another use, subject to applicable approvals.

Key Highlights

  • Vintage all‑brick building at 701 W Madison St
  • Front office space with rear warehouse and storage areas
  • Upper level requires work and was originally configured as apartments

Property Analytics

Current Use

Asset Twelve Inc Property Management Company

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage Spa & Massage Center Skin Care Clinic Garden Center

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

Location Intelligence

Trade Area within ½ mile

334
Businesses Nearby
Under-served
Demand for This Use

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Similar Off Market Nearby

  • Brown Paper Bag Co. 844 Commercial St, Danville, IL 61832

Frequently Asked Questions

What type of property is this?
Flex space - Front office space is paired with rear warehouse and storage areas.
Where is this flex space located?
The property is located at 701 W Madison St Danville, IL.
What are key features of this property?
This property features: Vintage all‑brick building at 701 W Madison St; Front office space with rear warehouse and storage areas; Upper level requires work and was originally configured as apartments
More about this property
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