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    22864 St. Rte 1 Danville, IL 61832

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    For Sale
    $445,000

    5 acres of commercial land with frontage on N. Vermilion.

    Property size:
    5 SF
    Lot size:
    5.10 Acres

    Property Features for 22864 St. Rte 1

    General Information

    Zoning
    North Parcel: B-3 General Business -South Parcel:
    Size
    5 SF
    Lot size
    5.10 Acres
    Source: Cbcworldwide

    Listing Agent: Larry Kuchefski, Ccim

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

    Overview

    Vermilion Street Commercial Land Available

    This property features 5 acres of commercial land with 404 feet of frontage along North Vermilion Street (State Route 1). It is located in Danville’s North Retail Corridor, across from the entrance to a Wal Mart development. The property is broker owned.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.6307
    Latitude
    40.1365

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    FAQs

    What type of property is this?
    Land - 5 acres of commercial land with frontage on N. Vermilion.
    Where is this land located?
    The property is located at 22864 St. Rte 1 Danville, IL.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: - 5 acres of land; - 404' frontage on N. Vermilion (St. Rte 1); - Located in Danville's North Retail Corridor
    (217) 918-0871
    Request Owner's contact information
    22864 St. Rte 1 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
    22864 St. Rte 1 Danville, IL 61832
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