Danville, IL Commercial Real Estate for Lease and Sale

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

PROFESSIONAL OFFICE INVESTMENT

923 N Vermilion St, Danville, IL
Property

Office

4,990 SF
For Sale

$688,000
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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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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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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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What type of listing property are you looking for?

Office Retail Industrial

Office Retail Industrial Land
High Exposure Medical Office

311 W Fairchild St, Danville, IL
Property

Office

46,688 SF
For Sale

$2,000,000
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High Exposure Medical Office

311 W Fairchild St, Danville, IL
Property

Office

46,688 SF
Availability

1 Space

46,688 SF
For Lease

$20.00/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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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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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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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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FITNESS CENTER/RETAIL BUILDING

125 N Vermilion St, Danville, IL
Property

Retail

18,144 SF
Year Built

1900
For Sale

$175,000
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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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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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Industrial Site

700 Commerce St, Danville, IL
Property

Industrial

47,902 SF
Year Built

1920
For Sale

$425,000
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Meijer | In-Store Retail Space

3649 N. Vermilion St, Danville, IL
Property

Retail

192,052 SF
Availability

1 Space

800 SF
Year Built

2013
For Lease Contact for pricing
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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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923 N Vermilion St

923 N Vermilion St, Danville, IL
Property

Office

5,000 SF
Availability

1 Space

5,000 SF
Year Built

1978
For Lease

$15.00/SF/YR
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Freestanding retail

842 E Main St, Danville, IL
Property

Retail

13,500 SF
For Sale

$1,500,000
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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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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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Danville Village

2917 North Vermillion Street, Danville, IL
Property

Retail

97,248 SF
Availability

2 Spaces

97,251 SF
For Lease Contact for pricing
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Southgate Retail Land

Southgate Dr, Danville, IL
Property

VacantLand
For Sale 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 135,099 square feet of office space across 7 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 248,458 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 121,402 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 Retail space, which accounts for 233,317 square feet of available listings. Industrial space available in Danville adds up to 138,500 square feet.

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

The average rent for commercial real estate space listed for lease in Danville is $12.64 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Danville can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

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 22,517 square feet.
Retail properties here incorporate an average of 49,692 square feet.
Industrial space in Danville is in buildings that are, on average 60,701 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 464,724 square feet. The market offers 4 active office listing(s), which amount to 83,411 square feet and account for 33% of commercial spaces on the market. Local retail availability includes 233,317 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	4	83,411
Retail	5	233,317
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 831,858 square feet of commercial property for sale here , which includes 3 office building(s) for sale , 3 retail investment opportunity listing(s) , and 4 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	3	76,678
Retail	3	39,777
Industrial	4	658,947
Other	3	56,456

Danville, IL Commercial Real Estate for Lease and Sale

PROFESSIONAL OFFICE INVESTMENT

DOWNTOWN MIXED USE POTENTIAL

306 W Fairchild St

27 N Vermilion St

High Exposure Medical Office

High Exposure Medical Office

610 W Ross Ln

100 N Gilbert St

3234 N Vermilion St

17+ ACRES WITH RAIL SPUR

FITNESS CENTER/RETAIL BUILDING

22864 State Rte 1

DISTRIBUTION WAREHOUSE

MIXED USE CENTER INVESTMENT

Industrial Site

Meijer | In-Store Retail Space

842 E Main St

923 N Vermilion St

Freestanding retail

23 W North St

707 N Logan Ave.

Danville Village

Southgate Retail Land

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 is the average rent for commercial space 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