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    200 Vermilion St Danville, IL 61832

    Sponsored
    For Sale
    $350,000

    56,465 SF, Vacant, High Potential

    Property size:
    56,465 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 200 N Vermilion St in Danville, Illinois (zip code 61832), presents a unique investment opportunity. The 56,465 square foot building, constructed in 1910, boasts two stories and a full basement. Currently vacant, this property is zoned B-4 Central Business, offering considerable flexibility for redevelopment. Architectural plans are available, showcasing a vision that prioritizes safety with a fully sprinklered interior and accessibility via an oversized passenger elevator. The ground floor is ideally suited for retail, restaurant, or professional office space, while the second floor presents potential for loft apartments. The building also includes a garage area with two 14-foot overhead doors, adding to its versatility. A roof warranty extends through 2037, providing peace of mind. The property includes 25 parking spaces and is conveniently located in Danville's downtown business district, within walking distance of the Vermilion County Courthouse, county offices, restaurants, pubs, grocery stores, medical centers, and coffee shops. The asking price is $350,000, translating to $6.20 per square foot. The APN is 28-08-205-002. This property is perfect for developers or investors seeking a prime location and significant upside potential in a thriving downtown area. This is a rare opportunity to acquire a substantial property with a rich history and a bright future.

    Property Features for 200 Vermilion St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    56,465 SF

    Building Details

    Year Built
    1910
    Stories
    2

    HighLights

    • $350,000 Asking Price
    • 56,465 Square Foot Mixed‑Use Building
    • $6.20 Price Per Square Foot
    • Vacant Building
    • 1910 Year Built, 2‑Story Brick Building with Full Basement
    • B‑4 Central Business Zoning
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.6301472
    Latitude
    40.1284519

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    FAQs

    What type of property is this?
    Mixed-use property - 56,465 SF, Vacant, High Potential
    Where is this mixed-use property located?
    The property is located at 200 Vermilion St Danville, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 Asking Price; 56,465 Square Foot Mixed-Use Building; $6.20 Price Per Square Foot
    (217) 918-0871
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    200 Vermilion St Danville, IL 61832
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    Danville, IL 61832
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    200 Vermilion St Danville, IL 61832
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