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    700 Commerce St Danville, IL 61832

    Sponsored
    For Sale
    $425,000

    Spacious warehouse, ideal for manufacturing. Prime location, excellent access.

    Property size:
    47,902 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 47,902-square-foot industrial warehouse in Danville, Illinois, presents a compelling investment opportunity. Priced at $425,000, this property boasts two buildings: an east building of 26,215 square feet and a west building of 21,687 square feet, separated by an asphalt lot providing ample space for employee and delivery truck access. Built in 1920 and renovated in 1960, the buildings feature a three-phase 600-amp electrical panel, along with office space, production offices, and expansive open manufacturing areas. Ceiling heights range from 12 to 32 feet, offering versatility for various industrial uses. The property sits on a 2.95-acre lot (APN 23-04-402-014) and is zoned I-2, Heavy Industrial. Its strategic location within Danville's original industrial district places it in close proximity to established businesses like Hyster-Yale Group and Nacco Materials Handling Group. The property's advantageous position is further enhanced by its proximity to the new Garfield Pool and the future Garfield Park Development, as well as the Boys and Girls Club. Currently vacant, this property is ready for immediate occupancy and offers significant potential for a variety of industrial operations. The address is 700 Commerce St, Danville, IL 61832.

    Property Features for 700 Commerce St

    General Information

    Property type
    Distribution properties
    Square Feet
    47,902 SF
    Lot Size
    128,502 SF

    Building Details

    Year Built/Renovated
    1920/1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.6057592
    Latitude
    40.1371775

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    FAQs

    What type of property is this?
    Distribution property - Spacious warehouse, ideal for manufacturing. Prime location, excellent access.
    Where is this distribution property located?
    The property is located at 700 Commerce St Danville, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    Request Owner's contact information
    700 Commerce 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
    700 Commerce St Danville, IL 61832
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