34 N Vermilion St - Restaurant FOR SALE


Danville, IL 61832
$350,000 USD
217-504-3148
34 N Vermilion St, Danville, IL for Sale
$350,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

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34 N Vermilion St
Danville, IL 61832


HIGHLIGHTS

  • Prime downtown Danville location with strong visibility
  • Expansive layout ideal for multi-room dining and events
  • High-traffic corridor near civic and retail anchors
  • Flexible interior for kitchen, bar, and entertainment zones

OVERVIEW

Positioned in the heart of downtown Danville, this expansive 11,700-square-foot restaurant offers a rare opportunity to acquire a turnkey hospitality asset in a highly visible and accessible location. Situated along North Vermilion Street, a key commercial corridor, the property benefits from strong vehicular traffic, walkability, and proximity to civic landmarks, retail clusters, and residential neighborhoods. The building’s generous footprint allows for flexible interior configurations, ideal for multi-room dining, private event spaces, or segmented service zones. With ample square footage, operators can accommodate large seating capacities, full-service kitchens, and entertainment areas. The site’s layout also supports potential drive-thru or curbside pickup enhancements, subject to zoning. Danville’s strategic location near the Indiana border and its access to major highways—including I-74—make it a regional draw for both local patrons and interstate travelers. The city’s revitalization efforts and business-friendly climate further enhance the appeal for restaurateurs seeking growth in a stable Midwestern market. Nearby anchors such as the Vermilion County Courthouse, Danville High School, and retail centers contribute to consistent foot traffic and daytime population. Whether repositioned as a fine dining destination, banquet hall, brewpub, or multi-concept venue, this property offers the scale and location to support a wide range of culinary visions. Investors and owner-operators alike will appreciate the value-add potential and long-term upside in a market with limited large-format restaurant inventory.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$30 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Heron Restaurant and ARBNB

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

B-4

APN/PARCEL ID

23-08-213-008

ASK ABOUT THIS PROPERTY

Timothy BerthelTab Fund LLCMore Info
217-504-3148

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Timothy BerthelTab Fund LLCMore Info
217-504-3148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.