Technical
Financial
Distress signals
Property profile

1023 Griggs St Danville, IL 61832

OFF-MARKET
Industrial properties
Property ID
US28-3019046
0.71 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This Danville, IL warehouse offers significant potential for various businesses. Boasting 10,000 square feet of space, the property sits on a 0.71-acre lot and includes a 62x48 pole barn. Built in 1940, the single-story warehouse features concrete floors. The pole barn has been recently updated with new wiring, an electrical panel, and an exterior meter box. The property includes five parking spaces. While the main warehouse building's last occupancy was in 2012, the recent improvements to the pole barn suggest significant upside. The roof is comprised of metal and rubber. The property's APN is 23-04-403-024. The asking price is $19,900. Note that there is no hot water currently available on the property. This presents a unique opportunity for an investor or business owner seeking a large space with expansion possibilities in a convenient location. The property is located at 1023 Griggs St, Danville, IL 61832.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 0.71 ac (30,928 SF)
APN 23-04-403-024
UPID US28-3019046

Cap rate & NOI

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

Location

1023 Griggs St Danville, IL 61832
Danville metro Census 300 DANVILLE, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2024
Last sale
$8,500
3 recorded transactions
2024
Price N/A
2018
Price N/A
2018
Price N/A

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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