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    Danville, IL
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    Danville, IL Office Units for Sale

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    Mixed-Use Downtown Office/Retail
    Updated: Apr 7
    Mixed-Use Downtown Office/Retail

    146 N Vermilion St, Danville, IL 61832

    $120,000
    4,800 sqft
    Commercial property in Downtown Danville on Vermilion St. with two buildings under one roof totaling 4,800 sq ft
    One side features multiple office spaces, including a conference area and kitchen; the other side is used for consignment/retail sales
    New roof, plus a dry basement with lots of storage
    Public parking at the front and 2 private parking spaces at the back
    Part of the TIF district (Tax Increment Financing), which may provide assistance for reconfiguring and updating
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    Mixed-Use Property with Income Potential
    Updated: Dec 8, 2025
    Mixed-Use Property with Income Potential

    110 N Vermilion St, Danville, IL 61832

    $125,000
    5,726 sqft 0.18 AC lot
    New roof replaced in November 2025 with a 20‑year manufacturer's warranty.
    Commercial property with two separate buildings under one roof.
    Total of 5,726 square feet of space.
    Upstairs area suitable for apartment renovation.
    One building includes a reception area, offices, and two bathrooms.
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    Office Building with Front Lobby
    Office Building with Front Lobby

    702 N Gilbert St, Danville, IL 61832

    $49,900

    Finished front areas support office use, while unfinished rear and side sections allow for customized improvements.

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    See hot listings in Danville

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Danville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Unit Mixed-Use Building
    Three-Unit Mixed-Use Building

    9 E University Ave, Champaign, IL 61820

    $499,900
    3,797 sqft

    Flexible commercial property combining retail, office, loft, studio, and creative-space configurations.

    View details
    Office/Retail Condominium Suite
    Office/Retail Condominium Suite

    2504 Veterans Memorial Pkwy S, Lafayette, IN 47909

    $435,000
    2,817 sqft

    Move-in-ready suite with an open workspace, perimeter offices, and existing plumbing hookups along a heavily traveled parkway.

    View details
    Office Condominium with Open Layout
    Office Condominium with Open Layout

    2504 E 350 S, Lafayette, IN 47909

    $435,000
    0.05 AC lot

    Flexible suite includes perimeter offices, existing plumbing, and nail station hookups.

    View details
    Flex Facility With Warehouse Space
    Flex Facility With Warehouse Space

    408 S Neil St, Champaign, IL 61820

    Contact for pricing
    17,170 sqft 1.36 AC lot

    Versatile commercial facility combining office accommodations with service-oriented warehouse and garage areas.

    View details

    Danville, IL Office Units Market Trends and Statistics

    Explore 3 office units for sale in Danville, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 10,526 square feet of properties for sale, with an estimated market value of $294,900.

    Sale prices for office units in Danville, IL start at $49,900, averaging $98,300, and reaching up to $125,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office buildings 8
    Medical Office Space 6
    Office Units 5

    Demographics Overview

    Population 42K
    Population Growth (5Y) -11.4%
    Median Household Income $52,334
    College Educated 20.4%

    High-Yield Neighborhoods for Investment

    Identify Danville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61832 $138.7K

    Taxes & Financing

    Tax Rate (average for all types) 9.28%
    Tax Rate vs County Average 0.11 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Vermilion County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Danville fall within the 10,000 to 25,000 square foot range.

    How Realmo verifies these figures

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