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    2606 Vermilion St Danville, IL 61832

    Sponsored
    For Sale
    $175,000

    1.33-acre commercial lot, prime Danville location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.33-acre commercial land parcel presents a unique investment opportunity in Danville, Illinois. Located at 2606 N. Vermilion St., this property boasts a highly desirable B-2 zoning designation, opening doors to a wide range of commercial development possibilities. Previously occupied, the site has undergone significant preparation, with the existing building and tanks having been recently removed, leaving a clean slate for future construction. The property's strategic location along Danville's north retail corridor ensures high visibility and accessibility. Its proximity to established businesses such as Wendy's, Wingstop, and Dairy Queen, among other retail and restaurant establishments, guarantees a strong commercial presence and significant foot traffic. The expansive lot size offers ample space for a variety of development projects, making it an ideal location for new construction or expansion. This property is situated in Vermilion County, Illinois, with the zip code 61832. The address is precisely 2606 N Vermilion St, Danville, IL. The asking price for this exceptional opportunity is $175,000. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving retail area.

    Property Features for 2606 Vermilion St

    General Information

    Property type
    Land
    Lot Size
    57,935 SF

    HighLights

    • 1.33‑acre commercial lot in Danville, IL, at 2606 N. Vermilion St.
    • B‑2 zoning allows for diverse commercial development.
    • Cleared site; previous structures removed.
    • High visibility location on Danville's north retail corridor.
    • Strong surrounding commercial presence near Wendy's, Wingstop, and Dairy Queen.
    • $175,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.6308233
    Latitude
    40.1676556

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    FAQs

    What type of property is this?
    Land - 1.33-acre commercial lot, prime Danville location.
    Where is this land located?
    The property is located at 2606 Vermilion St Danville, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 1.33-acre commercial lot in Danville, IL, at 2606 N. Vermilion St.; B-2 zoning allows for diverse commercial development.; Cleared site; previous structures removed.
    (217) 352-7712
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    2606 Vermilion St 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
    2606 Vermilion St Danville, IL 61832
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