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Office Building with Front Lobby
For Sale
$49,900

702 N Gilbert St, Danville, IL 61832

Finished front areas support office use, while unfinished rear and side sections allow for customized improvements.

Property SizeContact for details
Days on Market53

Property Features for 702 N Gilbert St

General Information

Standard status Active

Property Condition

Severity Repairs Needed
Evidence The back and side portions of the building are unfinished

Taxes and HOA fees

Annual Taxes $2,009

Amenities

front lobby

Building Details

Buildings 1
Listing Agency: Keller Williams Realty - Danville
Listed By: Hayley Siefert · License #475173306
Source: Exprealty
Added: Sep 1 Changed: Oct 12 Last Checked: Oct 20 at 10:55PM

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 Keller Williams Realty - Danville

Rey
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Investment Insights

Based on property information with market context.

This office-oriented commercial building at 702 N Gilbert St includes a finished front portion with a lobby and office space ready for use. The rear and side sections remain unfinished, providing additional interior area for completion according to the future occupant’s requirements. A newer roof and furnace are already in place. The property also includes a grassy lot behind the building, adding outdoor area to the site. Its Danville address places the asset on N Gilbert St, with the building’s front office configuration and unfinished secondary areas forming the primary physical features.

Key Highlights

  • Front lobby and office space in the finished portion
  • Unfinished rear and side areas for customized improvements
  • Newer roof already in place

Property Analytics

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Current Use

Bob's Trading Post Department Store R & B License ... Auto Parts Store

Suggested Use

Top Pick Parking Lot & Garage Skin Care Clinic Cafe & Coffee Shop Garden Center Grocery & Convenience Store Bakery

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

106
Businesses Nearby

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Finished front areas support office use, while unfinished rear and side sections allow for customized improvements.
Where is this office unit located?
The property is located at 702 N Gilbert St Danville, IL.
What is the asking price?
The asking price for this property is $49,900.
What are key features of this property?
This property features: Front lobby and office space in the finished portion; Unfinished rear and side areas for customized improvements; Newer roof already in place
More about this property
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