Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3600 Borgen Dr Danville, IL 61834

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $40,000

    Two industrial land sites available separately or together in Danville.

    Property Features for 3600 Borgen Dr

    General Information

    Standard status
    Active
    Zoning
    I-2, General Industrial District

    We can help!

    Listing Contact
    Aj Thoma Iii, Ccim, Sior
    Aj Thoma Iii, Ccim, Sior
    Source: Crexi

    Listing Agency: Coldwell Banker Commercial Devonshire Realty Listing Agent: Aj Thoma Iii, Ccim, Sior

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

    Learn more

    Overview

    Danville Industrial Ground For Sale

    Two industrial land sites are available for purchase in the 3600 Block of Borgan Dr, Danville, IL. Lot 1, consisting of approximately 2.63 acres, is situated immediately east of Fiberteq and can be demised off from Lot 2. Lot 2, encompassing approximately 17.67 acres, is located directly south of Fiberteq and includes parcel 24-18-300-028. Borgan Dr is located off Southgate Dr south of I-74 and Lynch Rd north of I-74, in the southeast corner of Danville. The Lynch Rd / Southgate Drive area has historically been a mix of industrial properties to the south, and retail and industrial properties to the north. A new Golden Nugget Casino, opened in Spring 2023 just north of I-74 on Eastgate Dr, features 500 slot machines, 14 table games, a pair of restaurants, and a Golden Nugget Sportsbook. Danville is located 138 miles south of Chicago via I-57, 214 miles northwest of St. Louis via I-57/I-70, 90 miles west of Indianapolis via I-74, 35 miles east of Champaign via I-74, and less than 0.5 miles from the Indiana Border.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Bar & Pub Garden Center Tanning Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.579
    Latitude
    40.1042

    Nearby Similar for Sale

    • $425,000
      1.14 Acres

      Versatile Commercial Property Near I-74

      Updated property with living, workspace, and investment potential.
      176 S Henning Rd, Danville, IL 61832
      View Details
    • $650,000
      0.92 Acres

      Danville Motel with Development Potential

      Operating 33-room motel with land in Danville, Illinois.
      1824 E Main St, Danville, IL 61832
      View Details
    • $599,900
      0.50 Acres

      Established Bar & Grill Opportunity

      Turnkey bar and grill with equipment in southeast Danville.
      3124 Perrysville Rd, Danville, IL 61834
      View Details
    • $549,000

      Commercial Property in Danville, IL

      Commercial property for sale in Danville, Illinois.
      701 W Fairchild St, Danville, IL 61832
      View Details
    • $135,000
      0.08 Acres

      Historic Storefront in Downtown Danville

      Preserved historic storefront with modern functionality in downtown Danville.
      57 N Vermilion St, Danville, IL 61832
      View Details
    • $79,900

      Danville Brick Duplex For Sale

      Brick duplex in Danville, Illinois, with rental income potential.
      1003 N Franklin St, Danville, IL 61832
      View Details
    • $55,000
      Pending

      Danville, IL Residential Income Property

      Three-unit residential income property in Danville, Illinois, fully leased.
      409 Chandler St, Danville, IL 61832
      View Details
    • $50,000
      Pending

      Danville, IL Residential Income Property

      Duplex suitable for cash flow or owner-occupancy with rental income.
      716 Robinson St, Danville, IL 61832
      View Details
    • $90,000
      0.12 Acres

      Danville Duplex with Rental Income

      Two-unit duplex in Danville, Illinois, fully rented and managed.
      123 N Gilbert St, Danville, IL 61832
      View Details
    • $275,000

      Historic Danville Office Building For Sale

      Two-story, 35,000 SF office building with redevelopment potential.
      17 W North St, Danville, IL 61832
      View Details
    • $450,000
      3,600 SF

      Office Building with Private Offices

      Office space featuring private offices, conference room, and break room.
      306 N Gilbert St, Danville, IL 61832
      View Details
    • $400,000

      Transportation Warehouse Near I-74

      Danville, IL warehouse with convenient access to regional markets.
      200 E 14Th St, Danville, IL 61832
      View Details

    FAQs

    What type of property is this?
    Industrial land - Two industrial land sites available separately or together in Danville.
    Where is this industrial land located?
    The property is located at 3600 Borgen Dr Danville, IL.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: - Two industrial land sites available: 2.63± acres (Lot 1) and **17.67± acres (Lot 2)**, purchasable separately or together.; - Excellent location: Situated off Southgate Dr. / Lynch Rd in the southeast corner of Danville.; - Lot 1 is immediately east and Lot 2 is directly south of Fiberteq.
    (217) 403-3425
    Request Owner's contact information
    3600 Borgen Dr Danville, IL 61834
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3600 Borgen Dr
    Danville, IL 61834
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3600 Borgen Dr Danville, IL 61834
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Aj Thoma Iii, Ccim, Sior
    Aj Thoma Iii, Ccim, Sior
    Real Estate License ID: IL475.135026
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!