707 Logan AveDanville, IL 61832

Property Details for 707 Logan Ave

Lot size

2.86 AC

Property type

Other commercial real estate

APN

23-06-419-044

APU

2306419044

Description

This exceptional medical office building, located at 707 N Logan Ave. in Danville, Illinois, presents a unique investment opportunity. The property totals 8,533 square feet and currently features multiple tenants. A significant advantage is the presence of OSF Healthcare as an anchor tenant, providing stability and strong occupancy rates. The building is strategically situated just 0.2 miles from OSF Sacred Heart Medical Center, ensuring high visibility and convenient access for patients and staff. This location within Vermilion County benefits from the limited availability of medical office space, particularly given the stringent Certificate of Need (CON) regulations in the state. The ASC (Ambulatory Surgical Center) component of the building further enhances its value and potential for future growth. One suite is currently available, offering a chance to expand your practice or add to your portfolio. The property's proximity to a major healthcare provider and its compliance with state regulations make it an attractive investment for those seeking a stable and high-demand medical office space. The building's size and existing tenancy provide immediate income potential, while the location and existing infrastructure offer significant long-term growth opportunities. Serious inquiries are encouraged to explore this exceptional opportunity in the thriving Danville healthcare market.

• Alternative Use

  Use

  Valuation

  Residential

  $45,827,084

  Hospitality

  $41,977,364

  Educational

  $34,924,672

  Medical

  $36,125,788

  Retail

  $54,327,272

Location Insight

City

Danville

County

Vermilion

State

Illinois

Latitude

40.1351

Longitude

-87.6445

CBSA code

19180

CBSA name

DANVILLE, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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