3605 Vermilion StDanville, IL 61832

Property Details for 3605 Vermilion St

Lot size

1.86 AC

Property type

Commercial real estate

APN

18-20-200-056

APU

1820200056

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $29,803,680

  Hospitality

  $27,300,012

  Educational

  $22,713,288

  Medical

  $23,494,434

  Retail

  $35,331,784

Location Insight

City

Danville

County

Vermilion

State

Illinois

Latitude

40.1843

Longitude

-87.6277

CBSA code

19180

CBSA name

DANVILLE, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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