2606 Vermilion StDanville, IL 61832

  • Other commercial real estate
  • 1.42 AC
For Sale
$175,000 View listing

Property Details for 2606 Vermilion St

Lot size
1.42 AC
Property type
Other commercial real estate
APN
18-29-100-048
APU
1829100048

Description

This exceptional 1.33-acre commercial land parcel presents a unique investment opportunity in Danville, Illinois. Located at 2606 N. Vermilion St., this property boasts a highly desirable B-2 zoning designation, opening doors to a wide range of commercial development possibilities. Previously occupied, the site has undergone significant preparation, with the existing building and tanks having been recently removed, leaving a clean slate for future construction. The property's strategic location along Danville's north retail corridor ensures high visibility and accessibility. Its proximity to established businesses such as Wendy's, Wingstop, and Dairy Queen, among other retail and restaurant establishments, guarantees a strong commercial presence and significant foot traffic. The expansive lot size offers ample space for a variety of development projects, making it an ideal location for new construction or expansion. This property is situated in Vermilion County, Illinois, with the zip code 61832. The address is precisely 2606 N Vermilion St, Danville, IL. The asking price for this exceptional opportunity is $175,000. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving retail area.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $22,753,162
    Hospitality
    $20,841,774
    Educational
    $17,340,112
    Medical
    $17,936,464
    Retail
    $26,973,506
2606 Vermilion St, Danville, Illinois
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Location Insight

City
Danville
County
Vermilion
State
Illinois
Latitude
40.1677
Longitude
-87.6313
CBSA code
19180
CBSA name
DANVILLE, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,646
$61,030
-
$61,030
-
$183,090
-
$183,090

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