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Property profile & analytics
FOR SALE
Office Spaces

735 N Logan Ave Danville, IL 61832

0.4 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US28-3101442
Property summary
AI-generated overview

This exceptional 5,304-square-foot medical office building, located at 735 N Logan Ave in Danville, Illinois (zip code 61832), presents a unique investment opportunity. Originally constructed in 1978 and significantly renovated in 2010, the property boasts a desirable P-1 Professional Use zoning. The building features thirteen exam rooms, a spacious reception area complete with check-in and check-out stations, a dedicated records office, three private offices, and a well-equipped lab area. A full basement provides additional valuable space, including a break room, more office space, extra exam rooms, and a substantial file room. The asking price is $975,000, translating to $183.82 per square foot. The property operates under a NNN lease structure. Its strategic location directly across from OSF Hospital, within a cluster of other medical offices, ensures high visibility and accessibility for patients and staff. Fixtures, furniture, and equipment are negotiable. This turnkey medical facility is ready for immediate occupancy and offers significant potential for growth and return on investment.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Lot 0.4 ac (17,424 SF)
APN 23-06-415-014
UPID US28-3101442
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
Current use
Occupant on record · Public records
  • Family Practice Medical Clinic
  • Sadiq Naveed I MD Physician
  • Sadiq Raja M MD Pediatrician Physician
  • Kara K. Wangler, RN Physician
  • Kara Sharpf Physician
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
RMSMD LLC, FIRST FINANCIAL BANK
RMSMD LLC, FIRST FINANCIAL BANK
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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