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    735 Logan Ave Danville, IL 61832

    For Sale
    $975,000

    Prime Medical Office, 5,304 SF, $975K

    Property size:
    5,304 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5,304-square-foot medical office building, located at 735 N Logan Ave in Danville, Illinois (zip code 61832), presents a unique investment opportunity. Originally constructed in 1978 and significantly renovated in 2010, the property boasts a desirable P-1 Professional Use zoning. The building features thirteen exam rooms, a spacious reception area complete with check-in and check-out stations, a dedicated records office, three private offices, and a well-equipped lab area. A full basement provides additional valuable space, including a break room, more office space, extra exam rooms, and a substantial file room. The asking price is $975,000, translating to $183.82 per square foot. The property operates under a NNN lease structure. Its strategic location directly across from OSF Hospital, within a cluster of other medical offices, ensures high visibility and accessibility for patients and staff. Fixtures, furniture, and equipment are negotiable. This turnkey medical facility is ready for immediate occupancy and offers significant potential for growth and return on investment.

    Property Features for 735 Logan Ave

    General Information

    Property type
    Medical offices
    Square Feet
    5,304 SF

    Building Details

    Year Built/Renovated
    1978/2010

    HighLights

    • 5,304 SF medical office building in Danville, IL (61832), asking $975,000 ($183.82/SF).
    • NNN lease structure.
    • Located across from OSF Hospital in a medical office cluster.
    • 13 exam rooms, reception area, records office, 3 private offices, lab, and full basement with additional space.
    • Renovated in 2010, P‑1 zoning. Fixtures, furniture, and equipment negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Practice Medical Clinic Sadiq Naveed I ... Doctor Sadiq Raja M ... Family Practice Physician Kara K. Wangler, ... Nurse Practitioner Kara Sharpf Nurse Practitioner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.6285099
    Latitude
    40.1313166

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 5,304 SF, $975K
    Where is this medical office located?
    The property is located at 735 Logan Ave Danville, IL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 5,304 SF medical office building in Danville, IL (61832), asking $975,000 ($183.82/SF).; NNN lease structure.; Located across from OSF Hospital in a medical office cluster.
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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
    735 Logan Ave Danville, IL 61832
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