407 N Gilbert StreetPrice Reduced

Danville, IL 61832 · MLS #6256937

$89,000
Listed 235 days ago
Save
Bathrooms
2
Acres
0.2
Type
CommercialSale
Status
Active

Looking for an affordable commercial property with room to make it your own? This two-story building offers a great opportunity for an investor, entrepreneur, or owner-user. The main level has been home to a business for many years and provides a flexible space ready for a new use or fresh vision. The second floor features an apartment that needs renovation, offering the potential for additional income, owner occupancy, or expanded use of the property. Located along a well-traveled route with good traffic flow, the property offers excellent visibility and ample parking, making it convenient for customers and employees. With its combination of commercial space, residential potential, and a convenient location, this property is ready for someone with a vision to bring it back to life. Whether you're looking to establish your own business, add an investment property to your portfolio, or create a live/work opportunity, this could be the opportunity you've been waiting for!

Features

Gas Water HeaterOn SiteCentral AirElectricForced AirGasUnfinishedFull

Property Details

Price
$89,000
MLS #
6256937
Status
Active
Baths
2
Type
CommercialSale
Subtype
Business
Listed Date
Jan 29, 2026
Lot Size
9,041 sqft / 0.20 acres
Year Built
1903
County
Vermilion
Zoning
B-3
Parcel Number
23-05-319-028

Interior

Above Grade Finished Area
0
Full Bathrooms
2
Appliances
Gas Water Heater
Basement
Unfinished, Full
Cooling
Central Air
Heating
Electric, Forced Air, Gas
Levels
Two

Exterior

Construction Materials
Brick, Vinyl Siding
Foundation
Basement
Parking Features
On Site
Roof
Asphalt
Stories
2
Road Surface
Asphalt
Sewer
Public Sewer
Water Source
Public

Payment estimate

Estimated monthly
$736/mo
$474 principal & interest$262 taxes

Estimate for planning only — actual payment depends on your loan. Talk to your lender.

Financial

Tax Year
2024
Taxes
$3,142

Location

See this listing

Ask a question or request a tour of 407 N Gilbert Street. We'll get right back to you.

Listed by Classic Homes Realty · 217-446-4663. Want to see this property? Call Grissom Schmitz Realty at 217-562-7078.

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Disclaimer: All data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Central Illinois Board of Realtors. Detailed information about real estate listings held by brokerage firms other than Grissom Schmitz Realty include the name of the listing broker. Neither the listing company nor Grissom Schmitz Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. All properties are subject to prior sale, changes, or withdrawal.

Copyright 2026 Central Illinois Board of Realtors. All rights reserved. This site was last updated 9/21/2026, 9:58:35 PM (Central Time).