Vermilion St & Newell Ave Danville, IL 61832
- Retail properties
- 6.62 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Vermilion St & Newell Ave
- Lot size
- 6.62 lot acres
- Property type
- Retail properties
- Property subtype
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Danville
- County
- Vermilion
- State
- Illinois
- Longitude
- -87.6306
- Latitude
- 40.1661
