842 Main StDanville, IL 61832

For Sale
$1,500,000 View listing
  • Commercial real estate
  • 0.08 AC

Property Details for 842 Main St

Lot size
0.08 AC
Property type
Commercial real estate
APN
23-09-100-104
APU
2309100104

Description

This 13,500-square-foot freestanding retail building, situated on a 1.25-acre lot in Danville, Illinois, presents a compelling investment opportunity. Built in 1995, the single-story structure features 50 parking spaces and a convenient drive-through, originally designed for a pharmacy tenant. The building boasts a prime location on a signaled hard corner along Danville's main east-west corridor, just three-quarters of a mile from Interstate 74 access. This high-traffic area is surrounded by established businesses including McDonald's, Burger King, Phillips 66, and Trinity Lutheran Church and School, ensuring high visibility and potential customer traffic. The building's construction includes steel framing, CMU bearing walls, brick veneer and painted EIFS exterior panels. Roofing consists of steel-joist supported metal decks with a low-slope TPO system and asphalt shingles on the front. Interior finishes include suspended ceiling tiles, painted drywall, exposed structure in storage areas, and flooring of 12x12 tile and exposed concrete. The property is zoned B-2 and has a Vermilion County APN of 23 09 100 104. Currently vacant, this property offers significant potential for a variety of retail uses. The entire 13,500 square feet is available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,305,856
    Hospitality
    $1,196,157
    Educational
    $995,189
    Medical
    $1,029,415
    Retail
    $1,548,071
842 Main St, Danville, Illinois

Location Insight

City
Danville
County
Vermilion
State
Illinois
Latitude
40.1259
Longitude
-87.6122
CBSA code
19180
CBSA name
DANVILLE, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$33,523
$84,207
$257,456
$341,663
-
$252,621
$772,368
$1,024,989

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