Danville, IL Commercial Real Estate for Lease and Sale

Explore 23 listings of Danville commercial real estate for lease and for sale to find the best space for your business.

306 W Fairchild St

306 W Fairchild St, Danville, IL
Property

Retail

3,000 SF
Availability

1 Space

3,000 SF
Year Built

1991
For Lease

$18.00/SF/YR
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FORMER AMBULATORY SURGERY CENTER / MEDICAL OFFICE BUILDING

26 W Newell Rd, Danville, IL
Property

Office
Year Built

1998
For Sale

$1,370,000
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17+ ACRES WITH RAIL SPUR

610 W Ross Ln, Danville, IL
Property

Industrial

138,500 SF
Year Built

1950
For Sale Contact for pricing
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DOWNTOWN MIXED USE POTENTIAL

200 N Vermilion St, Danville, IL
Property

Other

56,456 SF
For Sale

$350,000
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27 N Vermilion St

27 N Vermilion St, Danville, IL
Property

Office

20,000 SF
Availability

1 Space

20,000 SF
Year Built

1900
For Lease

$6.00/SF/YR
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3234 N Vermilion St

3234 N Vermilion St, Danville, IL
Property

Other

9,496 SF
Availability

1 Space

9,496 SF
Year Built

1986
For Lease

$12.00/SF/YR
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610 W Ross Ln

610 W Ross Ln, Danville, IL
Property

Industrial

138,500 SF
Availability

1 Space

138,500 SF
Year Built

1950
For Lease Contact for pricing
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Freestanding retail

842 E Main St, Danville, IL
Property

Retail

13,500 SF
For Sale

$15,000,000
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MIXED USE CENTER INVESTMENT

610 N Gilbert St, Danville, IL
Property

Retail

8,133 SF
Year Built

1969
For Sale

$1,850,000
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2806 N Vermilion St

2806 N Vermilion St, Danville, IL
Property

Retail

3,060 SF
Availability

1 Space

3,060 SF
Year Built

1974
For Lease

$15.00/SF/YR
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FORMER BRANCH BANK FOR SALE OR LEASE

2806 N Vermilion St, Danville, IL
Property

Retail

3,060 SF
Year Built

1974
For Sale

$299,000
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842 E Main St

842 E Main St, Danville, IL
Property

Retail

13,500 SF
Availability

1 Space

13,500 SF
For Lease

$13.50/SF/YR
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100 N Gilbert St

100 N Gilbert St, Danville, IL
Property

Office

8,190 SF
Availability

1 Space

8,190 SF
Year Built

2023
For Lease

$24.00/SF/YR
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22864 State Rte 1

22864 State Rte 1, Danville, IL
Property

VacantLand
For Sale

$445,000
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DISTRIBUTION WAREHOUSE

1536 E Fairchild St, Danville, IL
Property

Industrial

73,500 SF
Year Built

1964
For Sale

$1,500,000
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PROFESSIONAL OFFICE INVESTMENT

923 N Vermilion St, Danville, IL
Property

Office

4,990 SF
For Sale

$688,000
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OFFICE/WAREHOUSE INVESTMENT OPPORTUNITY

1901 E Voorhees St, Danville, IL
Property

Industrial

399,045 SF
Year Built

1964
For Sale

$9,500,000
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CORNER RETAIL LOT

101 N Gilbert St, Danville, IL
Property

Retail

1,200 SF
Year Built

1960
For Sale

$159,000
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3325 N Vermilion St

3325 N Vermilion St, Danville, IL
Property

VacantLand
Availability

1 Space
For Lease

$3,000.00/MO
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23 W North St

23 W North St, Danville, IL
Property

Retail

14,000 SF
Availability

1 Space

14,000 SF
Year Built

1920
For Lease

$10.00/SF/YR
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Southgate Retail Land

Southgate Dr, Danville, IL
Property

VacantLand
For Sale Contact for pricing
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3363 N Vermilion St

3363 N Vermilion St, Danville, IL
Property

Retail

105,566 SF
Availability

1 Space

105,566 SF
For Lease

$8.00/SF/YR
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707 N Logan Ave.

707 N Logan Ave., Danville, IL
Property

Office

8,533 SF
Availability

1 Space

8,533 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Danville commercial real estate market incorporates 36,723 square feet of office space across 5 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Danville commercial real estate market includes 136,826 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Danville market, there is a total of 73,500 square feet of industrial property.

The listing inventory in Danville incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Danville is represented by Industrial space, which accounts for 138,500 square feet of available listings. Retail space available in Danville adds up to 125,126 square feet.

Meanwhile, most of the listings of commercial property for sale in Danville are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Danville, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $18 per square foot.

The average size of a commercial property in Danville depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Danville, the average size of an office property is 12,241 square feet.
Retail properties here incorporate an average of 27,366 square feet.
Industrial space in Danville is in buildings that are, on average 73,500 square feet in size.

Danville, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Danville currently add up to 309,845 square feet. The market offers 3 active office listing(s), which amount to 36,723 square feet and account for 27% of commercial spaces on the market. Local retail availability includes 125,126 square feet across 5 retail space(s). Industrial space for rent opportunities in Danville amount to 138,500 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	3	36,723
Retail	5	125,126
Industrial	1	138,500
Other	2	9,496

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Danville, IL. Currently, there is 698,384 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 4 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	2	4,990
Retail	4	25,893
Industrial	3	611,045
Other	3	56,456

Danville, IL Commercial Real Estate for Lease and Sale

306 W Fairchild St

FORMER AMBULATORY SURGERY CENTER / MEDICAL OFFICE BUILDING

17+ ACRES WITH RAIL SPUR

DOWNTOWN MIXED USE POTENTIAL

27 N Vermilion St

3234 N Vermilion St

610 W Ross Ln

Freestanding retail

MIXED USE CENTER INVESTMENT

2806 N Vermilion St

FORMER BRANCH BANK FOR SALE OR LEASE

842 E Main St

100 N Gilbert St

22864 State Rte 1

DISTRIBUTION WAREHOUSE

PROFESSIONAL OFFICE INVESTMENT

OFFICE/WAREHOUSE INVESTMENT OPPORTUNITY

CORNER RETAIL LOT

3325 N Vermilion St

23 W North St

Southgate Retail Land

3363 N Vermilion St

707 N Logan Ave.

Frequently Asked Questions

Danville, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Danville, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Danville, IL?

What factors affect the price of commercial real estate in Danville, IL?

What are the best areas for commercial real estate in Danville, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Danville, IL?

Danville, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us