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!
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!
Property Details
Price:
$89,000
MLS #:
6256937
Status:
Active
Beds:
0
Baths:
2
Type:
Commercial
Subtype:
Business
Listed Date:
Jan 29, 2026
Lot Size:
9,041 sqft / 0.20 acres (approx)
Year Built:
1903
See this Listing
Schools
Interior
Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Heating
Electric, Forced Air, Gas
Levels
Two
Exterior
Community Features
Sidewalks
Construction Materials
Brick, Vinyl Siding
Parking Features
On Site
Parking Spots
8
Parking Total
8
Roof
Asphalt
Stories
2
Financial
Tax Year
2024
Taxes
$3,142
Map
Community
- Address407 N Gilbert Street Danville IL
- CityDanville
- CountyVermilion
- Zip Code61832
Subdivisions in Danville
- Bayview Estates Sub
- Chateau Estates 1st Add
- Chesterfields Add
- Clks Sub
- Country Club Estates Add
- Crestwood Sub
- Dales Sub
- Denvale West
- Eastgate Sub
- Edgewood 8th Add
- Edison Terrace Add
- Holiday Hills 6th Add
- Jewells Add
- John C Shorts 2nd Add
- John C Shorts Add
- L T Palmers Add
- Lake Shores 5th Add
- Lake Shores Add
- Lakecrest Sub
- Mc Donald & Kerrs Add
- Mcdonald Sub
- North Fork Sub
- Otto Schultzs Sub
- Shady Brook Add
- Sidney Buhls Sub
- Stone Gate First Add
- Stoneridge Condos
- Tincher & English Add
- W P & J G Cannons Sub
- W W R Woodburys 4th Add
- Walnut Hill Sub
- Wards Sub
- Wayside Park
- Williams & Baldwins Add
- Woodburys Add
Market Summary
Current real estate data for Commercial in Danville as of Sep 29, 2026
27
Commercial Listed
301
Avg DOM
$230,244
Avg List Price
Property Summary
- 407 N Gilbert Street Danville IL is a Commercial for sale in Danville, IL, 61832. It is listed for $89,000
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407 N Gilbert Street
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