2504 Vermilion St Danville, IL 61832
This exceptional 0.99-acre commercial lot, located at 2504 North Vermilion Street in Danville, Illinois, presents a unique opportunity for discerning investors and developers. Zoned B-2, this property boasts an enviable location offering stunning views and convenient access to Lake Vermilion. The site's strategic placement in North Danville ensures high visibility and accessibility, with a significant traffic count of 24,200 vehicles per day (AADT 2021) along North Vermilion Street, as reported by the Illinois Department of Transportation (IDOT). This translates to substantial exposure for any commercial venture established here. The property's size provides ample space for a variety of development projects, making it ideal for businesses seeking a prominent presence in a thriving community. This is one of the last remaining prime building sites on North Vermilion Street, representing a rare chance to secure a highly desirable location. The asking price is $249,000. The property's zip code is 61832, and it is situated in Vermilion County. Don't miss this exceptional opportunity to acquire a piece of Danville's commercial landscape.
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.