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    707 Logan Ave Danville, IL 61832

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    For Lease
    Contact for pricing

    Prime Medical Office, Danville, IL - 8,533 SF

    Lot size:
    8,533 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional medical office building, located at 707 N Logan Ave. in Danville, Illinois, presents a unique investment opportunity. The property totals 8,533 square feet and currently features multiple tenants. A significant advantage is the presence of OSF Healthcare as an anchor tenant, providing stability and strong occupancy rates. The building is strategically situated just 0.2 miles from OSF Sacred Heart Medical Center, ensuring high visibility and convenient access for patients and staff. This location within Vermilion County benefits from the limited availability of medical office space, particularly given the stringent Certificate of Need (CON) regulations in the state. The ASC (Ambulatory Surgical Center) component of the building further enhances its value and potential for future growth. One suite is currently available, offering a chance to expand your practice or add to your portfolio. The property's proximity to a major healthcare provider and its compliance with state regulations make it an attractive investment for those seeking a stable and high-demand medical office space. The building's size and existing tenancy provide immediate income potential, while the location and existing infrastructure offer significant long-term growth opportunities. Serious inquiries are encouraged to explore this exceptional opportunity in the thriving Danville healthcare market.

    Property Features for 707 Logan Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,533 SF

    Unit(s) available at that property

    Space
    Suite 401
    Size
    8,533 SF

    HighLights

    • Medical office building with one suite available, totaling 8,533 square feet.
    • Located in Vermilion County, Illinois.
    • Anchored by OSF Healthcare.
    • Less than a quarter mile from OSF Sacred Heart Medical Center.
    • Ambulatory Surgery Center (ASC) with Certificate of Need (CON) in a state with stringent CON regulations.
    Property Profile Location Intelligence

    Current Use by Public Records

    OSF Sacred Heart ... Medical Laboratory Bhaskar Patel, MD Health Consultant Right Insurance Agency ... Auto Insurance Agency OSF Medical Group ... Medical Center OSF Cardiovascular Institute Medical Clinic

    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
    -87.6444619
    Latitude
    40.1344346

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, Danville, IL - 8,533 SF
    Where is this medical office located?
    The property is located at 707 Logan Ave Danville, IL.
    What are key features of this property?
    This property features: Medical office building with one suite available, totaling 8,533 square feet.; Located in Vermilion County, Illinois.; Anchored by OSF Healthcare.
    Request Owner's contact information
    707 Logan Ave 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
    707 Logan Ave Danville, IL 61832
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