22864 St Rte, Danville, IL 61834
This exceptional 5.1-acre parcel presents a remarkable opportunity for residential development in Danville, Illinois. Located at 22864 St Rte 1, this property boasts 404 feet of frontage along North Vermilion Street (State Route 1), offering excellent visibility and accessibility. The land is situated in Danville's thriving North Retail Corridor, directly across from the entrance to a Walmart development, ensuring high traffic volume and strong potential for future growth. The property's convenient location provides easy access to major roadways and essential amenities. With its expansive size and prime location, this development site is ideal for a variety of residential projects, catering to the growing demand for housing in the area. The assessed parcel number (APN) is 18-17-200-049. The asking price for this exceptional opportunity is $445,000. This is a rare chance to acquire a significant land parcel in a highly desirable location with significant development potential. The property is zoned for residential use. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.