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    705 Gilbert St Danville, IL 61832

    Sponsored
    For Lease
    Contact for pricing

    Prime Danville storefront, 6,200 sq ft, 80 parking spaces. High visibility location.

    Lot size:
    6,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,200-square-foot retail space at 705 N. Gilbert St. in Danville, Vermilion County, presents a remarkable opportunity for businesses seeking a prominent presence. Currently vacant, the single-tenant property boasts a versatile layout adaptable to a wide range of retail or commercial uses. The expansive storefront windows ensure high visibility and attract significant foot traffic, while the ample on-site parking (80 spaces) provides convenient access for customers and employees. The interior is customizable, allowing businesses to tailor the space to their specific needs and operational requirements. The efficient floor plan facilitates streamlined operations and effective product displays, maximizing the potential for success. This property offers a dynamic and welcoming environment, perfectly suited for businesses seeking a high-impact location with excellent visibility and accessibility in a thriving area. Its modern amenities and professional exterior create a strong first impression, enhancing brand exposure and attracting a loyal customer base. This is an ideal opportunity to establish or expand your business in a prime Danville location.

    Property Features for 705 Gilbert St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,200 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    6,200 SF

    HighLights

    • 6,200 SF retail storefront in Danville, Vermilion County, IL.
    • Single‑tenant occupancy.
    • 80 parking spaces.
    • High visibility location with ample street frontage.
    • Customizable interior layout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    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
    -87.6350836
    Latitude
    40.1362681

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Danville storefront, 6,200 sq ft, 80 parking spaces. High visibility location.
    Where is this neighborhood center located?
    The property is located at 705 Gilbert St Danville, IL.
    What are key features of this property?
    This property features: 6,200 SF retail storefront in Danville, Vermilion County, IL.; Single-tenant occupancy.; 80 parking spaces.
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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
    705 Gilbert St Danville, IL 61832
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