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    212 Fairchild St Danville, IL 61832

    Sponsored
    For Sale
    $324,900

    Prime Danville storefront, three suites, excellent investment.

    Property size:
    4,710 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 4,710 square foot retail building situated on a prominent hard corner lot in Danville, Illinois. The property, known as Heritage Building II, features three individual suites, ideal for a variety of retail uses. One suite is equipped with a hood system, perfectly suited for a food service establishment. The building sits on a substantial 29,581.2 square foot lot and includes additional rear lots, expanding potential uses and development options. Conveniently located on Route One in the heart of Danville, this property benefits from high visibility and significant traffic, boasting an IDOT Annual Average Daily Traffic count of 14,400 vehicles. The property is zoned B-3, further enhancing its versatility and investment potential. Its location within both the Tax Increment Financing (TIF) district and the Enterprise Zone offers additional economic incentives. Twelve parking spaces are available for tenants and customers. The property's APN is 23-05-311-024, 23-05-311-021, 23-05-311-018, and 23-05-311-019. This is a rare opportunity to acquire a well-located, multi-tenant retail building in a thriving Illinois community. The asking price is $324,900.

    Property Features for 212 Fairchild St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,710 SF

    Building Details

    Stories
    1
    Units
    3

    HighLights

    • 4,710 SF retail building on a prominent Danville, IL corner lot.
    • Three individual suites, one with a hood system.
    • 29,581.2 SF lot with additional rear lots.
    • High visibility Route 1 location, 14,400 AADT.
    • B‑3 zoning, TIF & Enterprise Zone incentives.
    • 12 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Skin Deep Tattoo Tattoo And Piercing Shop Healthy Prep Meal ... Restaurant

    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
    -87.633805654765
    Latitude
    40.138419280916

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    FAQs

    What type of property is this?
    Individual retail property - Prime Danville storefront, three suites, excellent investment.
    Where is this individual retail property located?
    The property is located at 212 Fairchild St Danville, IL.
    What is the asking price?
    The asking price for this property is $324,900.
    What are key features of this property?
    This property features: 4,710 SF retail building on a prominent Danville, IL corner lot.; Three individual suites, one with a hood system.; 29,581.2 SF lot with additional rear lots.
    Request Owner's contact information
    212 Fairchild 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
    212 Fairchild St Danville, IL 61832
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