3605 Vermilion StDanville, IL 61832

For Sale
$545,000
10,000 SF Restaurant, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
125
This 10,000-square-foot restaurant building, situated on an 81,022-square-foot lot in Danville, Illinois (APN: 18-20-200-056), presents a unique investment opportunity. Built in 1999 and zoned B2 Business Highway, the property offers significant versatility. The main level features a full-service restaurant layout, including a main dining area, full kitchen with two walk-in coolers, a full bar, restrooms, and an outdoor porch ideal for seasonal seating. A lower-level banquet room, accessible via stairs or elevator, boasts a partially finished kitchen area with installed exhaust hoods, a bar, restrooms, and additional outdoor space for seasonal seating. This adaptable space lends itself to various uses beyond a restaurant, including a banquet center, business training facility, retreat center, or multiple office suites. The property's prime location on the Illinois/Indiana border, 30 miles east of Champaign, 90 miles west of Indianapolis, and 130 miles south of Chicago, places it within a substantial market area exceeding 100,000 people. The surrounding area features a strong concentration of national retailers, including Kohl's, Meijer, Walmart, TJ Maxx, Slumberland, Lowe's, Menard's, and numerous quick-service restaurants, ensuring high visibility and foot traffic. The asking price is $545,000, representing a price per square foot of $54.50.

Highlights

  • 10,000 SF restaurant building on an 81,022 SF lot in Danville, IL (APN: 18-20-200-056).
  • Built in 1999, B2 Business Highway zoning allows for versatile use.
  • Features a full-service restaurant layout with main dining area, full kitchen, bar, and outdoor seating; lower level includes a banquet room with partial kitchen and outdoor space.
  • Prime location near Illinois/Indiana border, serving a market exceeding 100,000 people, with high visibility near national retailers.
  • Asking price: $545,000 ($54.50/SF).

Property Details for 3605 Vermilion St

Property type
Retail properties, Restaurants
Square Feet
10,000 SF
Year Built
1999

Location Insight

City
Danville
County
Vermilion
State
Illinois
Latitude
40.1841852
Longitude
-87.6278557
3605 Vermilion St, Danville, Illinois

FAQs

What type of property is this?
Retail property - 10,000 SF Restaurant, High Traffic Area
Where is the retail property located?
The property is located at 3605 Vermilion St Danville, IL.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 10,000 SF restaurant building on an 81,022 SF lot in Danville, IL (APN: 18-20-200-056).; Built in 1999, B2 Business Highway zoning allows for versatile use.; Features a full-service restaurant layout with main dining area, full kitchen, bar, and outdoor seating; lower level includes a banquet room with partial kitchen and outdoor space.
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3605 Vermilion St
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