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    3605 Vermilion St Danville, IL 61832

    For Sale
    $545,000

    10,000 SF Restaurant, High Traffic Area

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This 10,000-square-foot restaurant building, situated on an 81,022-square-foot lot in Danville, Illinois (APN: 18-20-200-056), presents a unique investment opportunity. Built in 1999 and zoned B2 Business Highway, the property offers significant versatility. The main level features a full-service restaurant layout, including a main dining area, full kitchen with two walk-in coolers, a full bar, restrooms, and an outdoor porch ideal for seasonal seating. A lower-level banquet room, accessible via stairs or elevator, boasts a partially finished kitchen area with installed exhaust hoods, a bar, restrooms, and additional outdoor space for seasonal seating. This adaptable space lends itself to various uses beyond a restaurant, including a banquet center, business training facility, retreat center, or multiple office suites. The property's prime location on the Illinois/Indiana border, 30 miles east of Champaign, 90 miles west of Indianapolis, and 130 miles south of Chicago, places it within a substantial market area exceeding 100,000 people. The surrounding area features a strong concentration of national retailers, including Kohl's, Meijer, Walmart, TJ Maxx, Slumberland, Lowe's, Menard's, and numerous quick-service restaurants, ensuring high visibility and foot traffic. The asking price is $545,000, representing a price per square foot of $54.50.

    Property Features for 3605 Vermilion St

    General Information

    Property type
    Restaurants
    Square Feet
    10,000 SF

    Building Details

    Year Built
    1999

    HighLights

    • 10,000 SF restaurant building on an 81,022 SF lot in Danville, IL (APN: 18‑20‑200‑056).
    • Built in 1999, B2 Business Highway zoning allows for versatile use.
    • Features a full‑service restaurant layout with main dining area, full kitchen, bar, and outdoor seating; lower level includes a banquet room with partial kitchen and outdoor space.
    • Prime location near Illinois/Indiana border, serving a market exceeding 100,000 people, with high visibility near national retailers.
    • Asking price: $545,000 ($54.50/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bettys Blooms & Floral ... Florist Buen Apetito North Mexican Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -87.6278557
    Latitude
    40.1841852

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    FAQs

    What type of property is this?
    Restaurant - 10,000 SF Restaurant, High Traffic Area
    Where is this restaurant located?
    The property is located at 3605 Vermilion St Danville, IL.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: 10,000 SF restaurant building on an 81,022 SF lot in Danville, IL (APN: 18-20-200-056).; Built in 1999, B2 Business Highway zoning allows for versatile use.; Features a full-service restaurant layout with main dining area, full kitchen, bar, and outdoor seating; lower level includes a banquet room with partial kitchen and outdoor space.
    Request Owner's contact information
    3605 Vermilion 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
    3605 Vermilion St Danville, IL 61832
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