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Property profile & analytics
OFF-MARKET
Industrial properties
1023 Griggs St Danville, IL 61832
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-3019046
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Events & Precious Memories LLC · 1 yrs held
Events & Precious Memories LLC
since 2024
Last sale
$8,500
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Danville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$920
Tax year 2023
Assessed value
$9,379
Assessed 2023
Previous assessed
$8,305
+12.9% YoY
Effective rate
9.81%
On assessed value
Assessed land
$2,238
Assessed improvement
$7,141
Land market value
$6,714
Improvement market value
$21,423
Total market value
$28,137
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.71 ac (30,928 SF)
APN
23-04-403-024
UPID
US28-3019046
Jurisdiction
VERMILION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.71 ac
Current owner
From public records · entity-resolved
Events & Precious Memories LLC
Entity
Free & Clear · 1 yrs held
Mailing address
617 W MADISON ST, DANVILLE, IL 61832-4442
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2024
—
Events & Precious Memories LLC
Everlasting Outreach Ministries
Warranty Deed
—
Dec 20, 2018
—
Everlasting Outreach Ministries
Vermilion County
Deed
—
Nov 30, 2018
—
Vermilion County
Vermilion County Clerk
Public Action
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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