200 Vermilion St Danville, IL 61832

Property Details for 200 Vermilion St

Lot size

0.61 lot acres

Property type

Commercial real estate

APN

23-08-205-002

APU

2308205002

Description

This exceptional mixed-use property, located at 200 N Vermilion St in Danville, Illinois (zip code 61832), presents a unique investment opportunity. The 56,465 square foot building, constructed in 1910, boasts two stories and a full basement. Currently vacant, this property is zoned B-4 Central Business, offering considerable flexibility for redevelopment. Architectural plans are available, showcasing a vision that prioritizes safety with a fully sprinklered interior and accessibility via an oversized passenger elevator. The ground floor is ideally suited for retail, restaurant, or professional office space, while the second floor presents potential for loft apartments. The building also includes a garage area with two 14-foot overhead doors, adding to its versatility. A roof warranty extends through 2037, providing peace of mind. The property includes 25 parking spaces and is conveniently located in Danville's downtown business district, within walking distance of the Vermilion County Courthouse, county offices, restaurants, pubs, grocery stores, medical centers, and coffee shops. The asking price is $350,000, translating to $6.20 per square foot. The APN is 28-08-205-002. This property is perfect for developers or investors seeking a prime location and significant upside potential in a thriving downtown area. This is a rare opportunity to acquire a substantial property with a rich history and a bright future.

Location Insight

City

Danville

County

Vermilion

State

Illinois

Longitude

-87.6304

Latitude

40.1285

CBSA code

19180

CBSA name

DANVILLE, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments