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    Danville, IL
    Restaurants

    Danville, IL Restaurants for Sale

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    Tilton, IL Westville, IL Georgetown, IL
    Restaurant with Banquet Room For Sale
    Updated: Jan 6, 2025
    Restaurant with Banquet Room For Sale

    3605 N Vermilion St, Danville, IL

    $545,000
    10,000 sqft · 1.85 AC lot
    Restaurant with fully equipped main level kitchen, bar, and seasonal porch seating.
    Lower level banquet room with roughed‑in kitchen, bar, and seasonal seating, accessible by elevator.
    Includes (2) walk‑in coolers.
    Conversion potential to banquet center, training/retreat center, or office suites.
    Main level dining area with restrooms.
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    Two-Tenant Retail Investment Opportunity
    Updated: Feb 18
    Two-Tenant Retail Investment Opportunity

    302 W Fairchild St, Danville, IL 61832

    $710,400
    3,000 sqft
    100% occupied, two‑tenant retail property providing immediate income.
    Located at a signalized corner with high visibility and convenient access.
    Long‑term leases with built‑in rent growth offer a stabilized investment.
    Tenants are Papa Johns (large franchisee) and The Joint Smoke Shop (regional operator).
    Ample on‑site parking with over 35 spaces.
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    Established Bar & Grill Opportunity
    Established Bar & Grill Opportunity

    3124 Perrysville Road, Danville, IL 61834

    $599,900
    0.50 AC lot

    Turnkey bar and grill with equipment in southeast Danville.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Three-Suite Building in Central Danville
    Three-Suite Building in Central Danville

    212 W Fairchild St, Danville, IL 61832

    $235,000
    4,710 sqft

    Three-suite building with food service potential in central Danville.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Danville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Freestanding Commercial Building on Century Blvd
    Freestanding Commercial Building on Century Blvd

    333 S Century Boulevard, Rantoul, IL 61866

    $169,900
    1,775 sqft · 0.25 AC lot

    Commercial building with drive-thru on busy Century Blvd in Rantoul.

    View details
    Rantoul, IL Commercial Development Land
    Rantoul, IL Commercial Development Land

    950 Broadmeadow Road, Rantoul, IL 61866

    $485,000
    2.36 AC lot

    Prime commercial land near I-57, ideal for various developments.

    View details
    Remodeled Bar & Karaoke Venue
    Remodeled Bar & Karaoke Venue

    214 W Main St, Urbana, IL

    $970,000
    8,800 sqft · 0.11 AC lot

    Turnkey bar and karaoke venue with leaseback opportunity.

    View details
    Downtown Urbana Commercial Building
    Downtown Urbana Commercial Building

    114 S Race, Urbana, IL 61801

    $475,000
    0.06 AC lot

    Two-story commercial building with first-floor restaurant in downtown Urbana.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Zoned C-2
    Commercial Land Zoned C-2

    575 S Williamsport Lot 1 Road, Williamsport, IN 47993

    $129,000
    2.00 AC lot

    Two-acre commercial parcel zoned C-2, with seller flexibility for build-to-suit development.

    View details
    Commercial Land Near Sports Complex
    Commercial Land Near Sports Complex

    2995 County Road 1400 E, Rantoul, IL 61866

    $563,000
    5.63 AC lot

    5.63 acre commercial development opportunity off Interstate 57.

    View details
    Rantoul Commercial Development Opportunity
    Rantoul Commercial Development Opportunity

    2990 County Road 1400 E, Rantoul, IL 61866

    $4,000,000
    40.00 AC lot

    40-acre commercial land near I-57 in Rantoul, Illinois.

    View details
    Savoy, IL Commercial Development Land
    Savoy, IL Commercial Development Land

    612 CLARENDON Court, Savoy, IL 61874

    $450,000
    5,000 sqft · 1.97 AC lot

    1.97-acre commercial parcel in high-growth Savoy corridor.

    View details

    Off-Market Properties in Danville, IL

    Consider similar Off-Market properties in Danville, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    306 Fairchild St
    Restaurants

    306 Fairchild St, Danville, IL 61832

    Value Estimation by Request
    3,000 sqft
    View details

    Danville, IL Restaurants Market Trends and Statistics

    Explore 5 restaurants for sale in Danville, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 17,710 square feet of properties for sale, with an estimated market value of $1,516,300.

    Sale prices for restaurant properties in Danville, IL start at $240,000, averaging $505,433, and reaching up to $731,300 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1
    Coffee shops 1
    Conventional restaurants 1
    Pubs 1

    Demographics Overview

    Population 42K
    Population Growth (5Y) -11.4%
    Median Household Income $52,334
    College Educated 20.4%

    High-Yield Neighborhoods for Investment

    Identify Danville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61834 $599.9K
    61832 $623.8K

    Taxes & Financing

    Tax Rate (average for all types) 9.28%
    Tax Rate vs County Average 0.11 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Danville fall within the 50,000 to 100,000 square foot range.

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    Most Searched ZIP Codes in Danville, IL

    • 61832
    • 61834

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