Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    W CRUGER Road Washington, IL 61571

    View on Map
    Claim this Listing
    For Sale
    $799,000

    LAND - Washington, IL

    Lot size:
    27.15 Acres
    Added:
    Dec 19, 2017
    Days on Market:
    3057
    Last Refresh:
    May 3 at 2:06 am

    Property Features for W CRUGER Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural
    Standard status
    Active
    APN
    02-02-14-100-045
    Lot size
    27.15 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    SEC 14 T26N R3W PART of N 1/2 of NW
    Tax Annual Amount
    1502

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Ryan Blackorby
    Ryan Blackorby

    Listing agent Ryan Blackorby License #471009786

    Listing office Jim Maloof Realty, Inc. 100 N Main St, Peoria, IL

    Listing date Dec 19, 2017

    MLS# PA1190158 Listing URL

    Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    27 Acres Subdivision Development Site

    This 27.15-acre parcel of land is located in Washington, Illinois. Zoned for agricultural use, the site is mostly tillable and features gently rolling farm ground. According to the listing, the property is suitable for subdivision development, with utilities available at the lot line. The lot is triangular in shape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.408977
    Latitude
    40.719999

    Nearby Similar for Sale

    • $549,900

      Versatile Commercial Building in Washington, IL

      7,500 sq ft commercial building on 2 acres.
      1221 INDEPENDENCE Court, Washington, IL 61571
      View Details
    • $189,000

      Washington, IL Commercial Building

      One-story building on a corner lot in Washington, IL.
      126 Walnut Street, Washington, IL 61571
      View Details
    • $320,000
      8,424 SF

      Multi-Use Space with Warehouse

      Over 8,000 sq ft multi-use space with warehouse.
      401 PEORIA Street, Washington, IL 61571
      View Details
    • $200,000

      Buildable Land with Wildlife

      Almost 7-acre lot suitable for building or hunting.
      315 HALE Street, Washington, IL 61571
      View Details
    • $5,099,999

      Tangled Roots Investment Opportunity

      Multifaceted commercial hub with restaurant, brew pub, and Airbnb units.
      140 Washington Square, Washington, IL 61571
      View Details
    • $209,900

      Two-Story Commercial Building in Washington

      Two-story commercial building with renovation potential in Washington, Illinois.
      120 Walnut Street, Washington, IL 61571
      View Details
    • $850,000

      Commercial Land in Washington, IL

      1.5 acre commercial land for sale in Washington, Illinois.
      1300 WASHINGTON Street, Washington, IL 61571
      View Details
    • $225,000

      Commercial Land For Sale

      Commercial land suitable for strip mall, restaurant, or businesses.
      701 N CUMMINGS Lane, Washington, IL 61571
      View Details
    • $260,000
      12,096 SF

      Retail/Warehouse Building in Washington Corridor

      Two-story retail/warehouse with additional A-Frame warehouse and ample parking.
      2449 Washington Rd, Washington, IL
      View Details
    • $174,240

      Commercial Land Ready to Develop

      One acre level lot zoned B-3, high visibility corner.
      1010 EASTGATE Drive (200), Washington, IL 61571,
      View Details
    • $156,816

      0.90 Acre Commercial Land Parcel

      Level, commercially zoned land parcel with high visibility and traffic.
      1010 EASTGATE Drive, Washington, IL 61571
      View Details
    • $395,000

      Commercial Lot in Prime Location

      0.72 acre commercial lot in a busy location.
      WASHINGTON Road lot: 2, Washington, IL 61571
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 27.15 acres of gently rolling, mostly tillable land.
    Where is this agricultural land / farmland located?
    The property is located at W CRUGER Road Washington, IL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: 27.15 acres suitable for subdivision development; Utilities available at the lot line; Mostly tillable, gently rolling farm ground
    (309) 657-6787
    We can help!
    Listing Contact
    Ryan Blackorby
    Ryan Blackorby
    Real Estate License ID: 471009786
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    W CRUGER Road, Washington, IL 61571

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!