2806 Vermillion St Danville, IL 61832
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.