120 N. VERMILION - DANVILLE, IL
ADDRESS (AUCTION LOCATION)
120 N. Vermilion Street, Danville, IL 61832
BUILDING SIZE
67,400 +/- SF (2 floors and a basement)
LOT SIZE
24,873 SF
LOCATION/DESCRIPTION
Located in the center of Downtown Danville’s business/retail district.
Multi-tenant building has been extensively remodeled over the past 20 years.
Many of the updates include: Zoned Heating/AC systems, Membrane Roofs, Private Offices, and wiring/network updates.
Flexible floor plan will allow tenant floor plans from 2,500 square feet to 30,000 square feet.
Gross Income: $109,200
Expenses: $98,312
Net Operating Income: $10,888
Potential NOI: $150,000
Multiple Zoned Mechanical Systems
TAX INFORMATION
PIN: 23-08-209-006
2017 R.E. Taxes: $14,036.58 (payable in 2018)
ZONING
B-4 Central Business, City of Danville
PLAT MAP (Click HERE)
AERIAL MAP (Click HERE)
SELLER
Heartland Center Partnership
TERMS AND CONDITIONS
The real estate is sold “as is, where is” with no warranties expressed or implied. Successful
bidder will be required to sign a real estate contract, and pay a 10% earnest money deposit
immediately following the conclusion of the Auction. Closing will take place on or before
December 10, 2018. Real estate taxes shall be prorated as of date of closing. Financing, if
needed, must be arranged prior to Auction. Announcements made immediately prior to the
Auction take precedence over any and all other information from any source. The auction may be cancelled at any time with or
without notice.
DISCLAIMER
The information provided is believed to be accurate. However, it is subject to verification by potential Buyers. The Sellers, the Auctioneer, the Auction Company, and the cooperating Broker assume no liability for injury, errors or omissions. There are no warranties, expressed or implied, as to the information herein contained, and it is recommended that all Buyers perform their own due diligence. Inspection may be made by appointment with Coldwell Banker Commercial Devonshire Realty. Contact Larry Kuchefski @ 217-918-0871
