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Property profile & analytics

3234 Vermilion St Danville, IL 61832-1336

  • Commercial real estate
  • 0.99 lot acres
OFF-MARKET
Last Sale
Dec 01, 2023
$350,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-2890579
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 3234 Vermilion St

Lot size
0.99 lot acres
Property type
Commercial real estate
APN
18-20-403-007
APU
1820403007

Description

This exceptional 9,496-square-foot retail or office space is ideally situated on Danville's North Vermilion Street retail corridor in Illinois. The single-tenant building, identified by APN 18 20 403 007, is zoned B-2 Highway Business, offering significant flexibility for a variety of uses. The property is a stand-alone structure with ample off-street parking, providing convenient access for customers and employees. The landlord is willing to consider subdividing the space to create multiple storefronts, catering to the needs of various businesses. This prime location boasts high visibility and strong foot traffic, surrounded by a thriving retail environment. Neighboring businesses include well-established national brands such as Harbor Freight, Courtesy Ford, Red Lobster, McDonald's, Arby's, Village Mall, Slumberland, Culver's, Meijer, TJ Maxx, Kohl's, and Lowe's, ensuring a robust customer base and synergistic opportunities. The property's address is 3234 N Vermilion St, Danville, IL 61832, within Vermilion County. This presents a unique opportunity for businesses seeking a prominent location in a bustling commercial area. The entire 9,496 square feet is currently vacant and ready for immediate occupancy. This property offers a rare chance to establish a strong presence in a high-traffic area with excellent visibility and a diverse range of neighboring businesses.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Danville
County
Vermilion
State
Illinois
Longitude
-87.6305
Latitude
40.1772
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
$9,779
$44,655
$61,051
$105,706
-
$133,965
$183,153
$317,118
More about this property
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