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    310 Eastgate Dr Danville, IL 61834

    Sponsored
    For Sale
    $750,000

    1.5-acre lot, ideal for QSR

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.5-acre commercial land parcel, located at 310 Eastgate Drive in Danville, Illinois (zip code 61834), presents a unique investment opportunity. Zoned B-3 Light Industrial, this property boasts a prime location just off Interstate 74 at the Lynch Road Exit (Exit 220 North), offering unparalleled visibility and accessibility. Situated conveniently near the new Golden Nugget Casino and seven hotels totaling 424 rooms, this site benefits from high traffic volume and a substantial customer base. Interstate 74 sees 17,800 vehicles per day, while Lynch Drive boasts 6,500 VPD. The property is only three miles from Danville's city center and is surrounded by major industries employing over 6,800 people within a three-mile radius, ensuring a robust potential customer pool. This location is particularly well-suited for a quick-service restaurant (QSR) or a full-service restaurant, given its proximity to major roadways and a dense concentration of employees and tourists. The asking price for this exceptional property is $750,000. Don't miss this chance to acquire a highly desirable commercial lot in a thriving area just 90 minutes west of Indianapolis.

    Property Features for 310 Eastgate Dr

    General Information

    Property type
    Land
    Lot Size
    65,340 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Holiday Inn Express ... Hotel

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Wholesale Shop Nail Salon Department Store Food Market Bar & Pub Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.542980536819
    Latitude
    40.12277841568

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    FAQs

    What type of property is this?
    Land - 1.5-acre lot, ideal for QSR
    Where is this land located?
    The property is located at 310 Eastgate Dr Danville, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    (217) 918-0871
    Request Owner's contact information
    310 Eastgate Dr 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
    310 Eastgate Dr Danville, IL 61834
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