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    22 West Newell Rd Danville, IL 61834

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    For Sale
    Contact for pricing

    Prime Danville location, divisible lots, B-3 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a unique investment opportunity in Danville, Illinois. Comprising a total of 6.01 acres, this property is situated at 22 West Newell Road, within Vermilion County, and boasts a highly desirable B-3 General Business zoning classification. The land is readily divisible, with parcels as small as 1.08 acres available, providing flexibility for various development projects. This allows for tailored solutions to meet diverse business needs, from smaller retail spaces to larger-scale commercial ventures. The strategic location offers excellent visibility and accessibility, ensuring high traffic exposure for any future development. The land is priced competitively at $5 per square foot, representing a compelling value proposition for investors seeking a strong return on investment in a thriving market. The property's zoning allows for a wide range of commercial uses, making it an ideal location for businesses seeking to establish a presence in this dynamic area. With its prime location, flexible lot sizes, and attractive price point, this Danville commercial land presents a rare opportunity for significant growth and profitability. The property's address is 22 West Newell Road, Danville, IL 61834. The latitude and longitude coordinates are 40.2019892, -87.625965 respectively.

    Property Features for 22 West Newell Rd

    General Information

    Property type
    Land
    Lot Size
    261,796 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar Tree Grocery Store

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.625965
    Latitude
    40.2019892

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    FAQs

    What type of property is this?
    Land - Prime Danville location, divisible lots, B-3 zoning.
    Where is this land located?
    The property is located at 22 West Newell Rd Danville, IL.
    (217) 918-0871
    Request Owner's contact information
    22 West Newell Rd 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
    22 West Newell Rd Danville, IL 61834
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