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Property profile & analytics

705 Gilbert St Danville, IL 61832

  • Commercial real estate
  • 1.19 lot acres
Value Estimation
$315,000
Location Intelligence
Property ID
US28-2990386
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 705 Gilbert St

Lot size
1.19 lot acres
Property type
Commercial real estate
APN
23-05-313-009
APU
2305313009

Description

This exceptional 6,200-square-foot retail space at 705 N. Gilbert St. in Danville, Vermilion County, presents a remarkable opportunity for businesses seeking a prominent presence. Currently vacant, the single-tenant property boasts a versatile layout adaptable to a wide range of retail or commercial uses. The expansive storefront windows ensure high visibility and attract significant foot traffic, while the ample on-site parking (80 spaces) provides convenient access for customers and employees. The interior is customizable, allowing businesses to tailor the space to their specific needs and operational requirements. The efficient floor plan facilitates streamlined operations and effective product displays, maximizing the potential for success. This property offers a dynamic and welcoming environment, perfectly suited for businesses seeking a high-impact location with excellent visibility and accessibility in a thriving area. Its modern amenities and professional exterior create a strong first impression, enhancing brand exposure and attracting a loyal customer base. This is an ideal opportunity to establish or expand your business in a prime Danville location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $325,000
  • CAP approach

    CAP return
    Estimation
    6%
    $280,000
    6.5%
    $260,000
    7%
    $255,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $265,000
    Geo Method
    $290,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $265,000
    Retail
    $265,000
    Mixed-Use
    $280,000
    Hospitality
    $305,000
    Educational
    $225,000
    Residential Income
    $235,000
    Energy
    $270,000
    Income-Based Land
    $280,000
    Food Service
    $285,000

Location Insight

  • Map
  • Local Demand
City
Danville
County
Vermilion
State
Illinois
Longitude
-87.6349
Latitude
40.1362
CBSA code
19180
CBSA name
DANVILLE, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,908
$99,990
$92,715
$192,705
-
$299,970
$278,145
$578,115
More about this property
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