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    4101 Vermilion St Danville, IL 61834

    Sponsored
    For Sale
    Contact for pricing

    1.27 Acres, B-3 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.27-acre commercial lot presents a unique investment opportunity in Danville, Illinois. Strategically located at Lot #7, 4101 N Vermilion St, this property boasts a highly desirable B-3 zoning classification, opening doors to a wide range of commercial development possibilities. Its prime location is directly on the pad of a Walmart and adjacent to a Menards, ensuring high visibility and significant foot traffic. This translates to exceptional potential for businesses seeking maximum exposure and accessibility. The property's 1.27 acres offer ample space for construction, expansion, or redevelopment. The address is Lot #7, 4101 N Vermilion St, Danville, IL 61834, within Vermilion County. This location offers easy access to major roadways and is situated in a thriving commercial area. The property is being offered for sale by owner and is easily combined with adjacent lots, providing flexibility for larger-scale projects. This is a rare chance to acquire a highly visible and well-situated commercial lot in a growing market. Don't miss this opportunity to secure a prime piece of Danville real estate. The property is conveniently located at the intersection of IL Route 1 and Newell Road.

    Property Features for 4101 Vermilion St

    General Information

    Property type
    Land
    Lot Size
    55,321 SF

    HighLights

    • 1.27‑acre commercial land parcel.
    • Located on the Walmart pad.
    • Adjacent to Menards.
    • Potential for combination with neighboring lots.
    • B‑3 zoning.
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Primo Water Refill ... Bottled Water Supplier Walmart Baby & Nursery ... Family Service Center Western Union Money Transfer Service Walmart Patio & Garden ... Landscaper MoneyGram Money Transfer Service

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon 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
    -87.627381050607
    Latitude
    40.203704515669

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    FAQs

    What type of property is this?
    Land - 1.27 Acres, B-3 Zoning, High Traffic
    Where is this land located?
    The property is located at 4101 Vermilion St Danville, IL.
    What are key features of this property?
    This property features: 1.27-acre commercial land parcel.; Located on the Walmart pad.; Adjacent to Menards.
    Request Owner's contact information
    4101 Vermilion St Danville, IL 61834
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    Danville, IL 61834
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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
    4101 Vermilion St Danville, IL 61834
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