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    2606 N Vermilion St, Unit Danville Danville, IL 61832

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    For Sale
    $175,000

    1.61-acre commercial land parcel in Danville, Illinois.

    Property size:
    1 SF

    Property Features for 2606 N Vermilion St

    General Information

    Size
    1 SF

    Building Details

    Year built
    2007
    Source: Cbcworldwide

    Listing Agent: Jay Sikorski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Overlooking Lake Vermilion

    This is a 1.61-acre parcel of land overlooking Lake Vermilion. The previous building has been demolished, and the tanks have been removed. The property is located along the north retail corridor of Danville, neighboring Wendy’s, Wing Stop, Dairy Queen, and numerous other retail and restaurant spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.630703
    Latitude
    40.168276

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    FAQs

    What type of property is this?
    Commercial land - 1.61-acre commercial land parcel in Danville, Illinois.
    Where is this commercial land located?
    The property is located at 2606 N Vermilion St, Unit Danville Danville, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - 1.61-acre parcel of land.; - Overlooks Lake Vermilion.; - Located along the north retail corridor of Danville.
    (217) 352-7712
    Request Owner's contact information
    2606 N Vermilion St, Unit Danville Danville, IL 61832
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    Danville, IL 61832
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2606 N Vermilion St, Unit Danville Danville, IL 61832
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