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    Vermilion St & Newell Ave Danville, IL 61832

    Sponsored
    For Sale
    $575,000

    6.62 Acres, High-Traffic Retail Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.62-acre commercial land parcel presents a remarkable investment opportunity in Danville, Illinois. Located at the intersection of North Vermilion Street and Newell Avenue, this B-3 General Business zoned property boasts unparalleled visibility and accessibility. Its strategic placement ensures high traffic volume, benefiting from its proximity to major retail anchors such as Menards and Walmart. The property's prime location within the thriving Danville Crossing shopping center places it amongst established businesses including Aaron's Rent To Own, Ryan's, Burger King, #1 Habachi Grill, Fashion Bug, and Dollar Tree, creating a synergistic environment for potential development. The expansive lot size offers significant flexibility for a variety of commercial ventures, allowing for substantial building footprints and ample parking. The property's Assessed Parcel Number (APN) is 18-17-202-005. This is a rare opportunity to acquire a highly visible and well-situated retail land parcel in a bustling commercial area with strong existing tenant occupancy. The asking price for this exceptional property is $575,000. This presents a compelling investment opportunity for developers and businesses seeking a high-traffic location in a thriving market. The property's location in Vermilion County, Illinois, and its 61832 zip code, further underscores its strategic position within a densely populated and commercially active region.

    Property Features for 0 Vermilion St & Newell Ave

    General Information

    Property type
    Individual retail properties
    Lot Size
    288,367 SF

    HighLights

    • 6.62‑acre commercial land parcel in Danville, IL.
    • B‑3 General Business zoning, high visibility at North Vermilion Street and Newell Avenue intersection.
    • High traffic volume, near Menards and Walmart, within Danville Crossing shopping center.
    • $575,000 asking price.
    • APN 18‑17‑202‑005.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.6305981
    Latitude
    40.1660612

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    FAQs

    What type of property is this?
    Individual retail property - 6.62 Acres, High-Traffic Retail Site
    Where is this individual retail property located?
    The property is located at Vermilion St & Newell Ave Danville, IL.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: 6.62-acre commercial land parcel in Danville, IL.; B-3 General Business zoning, high visibility at North Vermilion Street and Newell Avenue intersection.; High traffic volume, near Menards and Walmart, within Danville Crossing shopping center.
    Request Owner's contact information
    Vermilion St & Newell Ave 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
    Vermilion St & Newell Ave Danville, IL 61832
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