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    1232 Main St Danville, IL 61832

    For Sale
    $115,000

    Vacant Retail Space, High Traffic Area

    Property size:
    1,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,760 square foot storefront, located at 1232 E. Main St in Danville, Illinois, presents a compelling investment opportunity. Built in 2007, this vacant property is zoned B-2 and boasts excellent visibility and accessibility due to its location on a signaled intersection along a major East/West corridor. The high traffic volume ensures significant exposure for any business. The asking price is $115,000, translating to $65.34 per square foot. The property benefits from its proximity to established businesses such as Family Dollar and Subway, as well as Danville Area Community College, ensuring a steady flow of potential customers. Furthermore, the city of Danville is actively pursuing a revitalization plan for the area over the next several years, promising future growth and increased property value. This presents a unique chance to establish a thriving business in a location poised for significant development. The property's vacant status allows for immediate occupancy and customization to suit a wide range of retail ventures. With its strategic location, ample square footage, and promising future prospects, this storefront represents a strong investment in a dynamic community. The zip code is 61832, and the property is situated in Vermilion County.

    Property Features for 1232 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,760 SF

    Building Details

    Year Built
    2007

    HighLights

    • 1,760 SF vacant storefront at 1232 E. Main St, Danville, IL 61832 (Vermilion County).
    • B‑2 zoning, high visibility on signaled intersection.
    • $115,000 asking price ($65.34/SF).
    • Built in 2007, near Family Dollar, Subway, and Danville Area Community College.
    • Strong investment opportunity in a revitalizing area with high traffic counts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Dental Office Clothing Store Building Supply Gym & Fitness Auto Repair Shop Pharmacy Wholesale Shop Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.6027681
    Latitude
    40.1300964

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    FAQs

    What type of property is this?
    Individual retail property - Vacant Retail Space, High Traffic Area
    Where is this individual retail property located?
    The property is located at 1232 Main St Danville, IL.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: 1,760 SF vacant storefront at 1232 E. Main St, Danville, IL 61832 (Vermilion County).; B-2 zoning, high visibility on signaled intersection.; $115,000 asking price ($65.34/SF).
    Request Owner's contact information
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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
    1232 Main St Danville, IL 61832
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