Property profile

22864 St Rte Danville, IL 61834

OFF-MARKET
Land
5.1 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 5.1 ac (222,156 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

22864 St Rte Danville, IL 61834
Danville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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