0 Vermilion St & Newell Ave Danville, IL 61832
This exceptional 6.62-acre commercial land parcel presents a remarkable investment opportunity in Danville, Illinois. Located at the intersection of North Vermilion Street and Newell Avenue, this B-3 General Business zoned property boasts unparalleled visibility and accessibility. Its strategic placement ensures high traffic volume, benefiting from its proximity to major retail anchors such as Menards and Walmart. The property's prime location within the thriving Danville Crossing shopping center places it amongst established businesses including Aaron's Rent To Own, Ryan's, Burger King, #1 Habachi Grill, Fashion Bug, and Dollar Tree, creating a synergistic environment for potential development. The expansive lot size offers significant flexibility for a variety of commercial ventures, allowing for substantial building footprints and ample parking. The property's Assessed Parcel Number (APN) is 18-17-202-005. This is a rare opportunity to acquire a highly visible and well-situated retail land parcel in a bustling commercial area with strong existing tenant occupancy. The asking price for this exceptional property is $575,000. This presents a compelling investment opportunity for developers and businesses seeking a high-traffic location in a thriving market. The property's location in Vermilion County, Illinois, and its 61832 zip code, further underscores its strategic position within a densely populated and commercially active region.
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
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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.