212 Fairchild StDanville, IL 61832

Property Details for 212 Fairchild St

Lot size

0.15 AC

Property type

Commercial real estate

APN

23-05-311-018

APU

2305311018

Description

This exceptional investment opportunity presents a 4,710 square foot retail building situated on a prominent hard corner lot in Danville, Illinois. The property, known as Heritage Building II, features three individual suites, ideal for a variety of retail uses. One suite is equipped with a hood system, perfectly suited for a food service establishment. The building sits on a substantial 29,581.2 square foot lot and includes additional rear lots, expanding potential uses and development options. Conveniently located on Route One in the heart of Danville, this property benefits from high visibility and significant traffic, boasting an IDOT Annual Average Daily Traffic count of 14,400 vehicles. The property is zoned B-3, further enhancing its versatility and investment potential. Its location within both the Tax Increment Financing (TIF) district and the Enterprise Zone offers additional economic incentives. Twelve parking spaces are available for tenants and customers. The property's APN is 23-05-311-024, 23-05-311-021, 23-05-311-018, and 23-05-311-019. This is a rare opportunity to acquire a well-located, multi-tenant retail building in a thriving Illinois community. The asking price is $324,900.

• Alternative Use

  Use

  Valuation

  Residential

  $2,403,511

  Hospitality

  $2,201,603

  Educational

  $1,831,708

  Medical

  $1,894,703

  Retail

  $2,849,323

Location Insight

City

Danville

County

Vermilion

State

Illinois

Latitude

40.1383

Longitude

-87.6339

CBSA code

19180

CBSA name

DANVILLE, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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