For Sale
$688,000

923 Vermilion StDanville, IL 61832

High-Yield Office Building, 4,990 SF

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 4,990 square foot office building located at 923 N Vermilion St, Danville, IL 61832. Currently 100% leased to a mix of regional and national tenants, this property offers immediate and stable cash flow for investors seeking a strong return. The asking price is $688,000, translating to a price per square foot of $137.88. The property is zoned P-1 Professional Office and R-2 Single Family Medium Density, providing flexibility for future expansion. The strategic location on North Vermilion Street, just north of the busy Vermilion-Fairchild intersection, ensures high visibility and accessibility. Nearby amenities include Danville High School, CVS, Hardee's, Royal Donut, and other professional offices and retail businesses, creating a thriving commercial environment. The property's well-managed status and the presence of additional lots offer significant potential for future growth and development. This is an ideal investment for those seeking a stable, high-yield commercial property with excellent long-term prospects in a desirable location. The APN is 23-05-204-019. This fully leased building provides a secure investment with potential for future expansion on adjacent lots.

Highlights

  • $688,000 asking price for this Danville, IL office investment property.
  • 4,990 square feet of office space.
  • $137.88 price per square foot.
  • Located at 923 N Vermilion St, Danville, IL 61832 (APN: 23-05-204-019).
  • Zoned P-1 Professional Office and R-2 Single Family Medium Density.

Property Details for 923 Vermilion St

Property type
Office properties
Square Feet
4,990 SF

Location Insight

City
Danville
County
Vermilion
State
Illinois
Latitude
40.1402046
Longitude
-87.6298057
923 Vermilion St, Danville, Illinois

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923 Vermilion St
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