145 Vermilion St, Danville, IL 61832-4751
This exceptional storefront property at 145 N Vermilion St, Danville, IL 61832 presents a unique investment opportunity. Boasting 2,253 square feet, this single-story, 1899-built building is zoned for business use and offers a turnkey operation for a discerning buyer. Recent renovations by the current owner have significantly enhanced the property's appeal and functionality. Improvements include a resurfaced roof, upgraded electrical systems, new flooring, and necessary joist replacements. Further enhancements encompass updated overhead lighting, a ceiling fan, a replacement front window, wall resurfacing and repainting, a new stairway, exterior siding and pergola additions, a security system, a new counter, hot water heater, toilet, and sink. The property's prime location in Danville, within Vermilion County, Illinois, ensures high visibility and accessibility. The asking price is $149,900, translating to $66.53 per square foot. While the square footage is approximate, this well-maintained storefront presents a compelling opportunity for immediate occupancy and potential for strong returns. This is a rare chance to acquire a move-in ready retail space with significant recent upgrades in a desirable location. Don't miss this chance to own a piece of Danville's vibrant commercial landscape.
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Lima Bean Glassworks & Gifts (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.