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Property profile

2806 Vermillion St Danville, IL 61832

OFF-MARKET
Office Spaces
3,060 SF 0.86 ac lot Built 1974
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Property summary

AI-generated overview

This exceptional 3,060 square foot office building, located at 2806 N Vermillion Street in the heart of Danville, Illinois, presents a rare investment opportunity. Previously occupied by a bank, the property boasts a rich history and undeniable curb appeal, perfectly blending classic architectural details with the potential for contemporary updates. The spacious interior layout offers significant flexibility for a variety of uses, making it ideal for both retail and office tenants. A secure vault remains a unique feature, offering potential for specialized storage or secure office space. Ample parking is available on the 0.86-acre lot, ensuring convenient access for employees and customers. The building's prime location in a high-traffic area of downtown Danville guarantees excellent visibility and accessibility, attracting significant foot and vehicle traffic. This property offers a compelling combination of historical significance, modern functionality, and a highly desirable location, representing a strong return on investment for the discerning buyer. The asking price is $349,000. Don't miss this chance to own a piece of Danville's vibrant commercial landscape.

Property profile

Verified
Property type Office Spaces
Year built 1974
Total area 3,060 SF
Lot 0.86 ac (37,462 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2806 Vermillion St Danville, IL 61832
Danville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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