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    90 Eastgate Dr Washington, IL 61571

    Sponsored
    For Sale
    $999,000

    Modern 8,916 sq ft office, 1.84 acres

    Property size:
    8,916 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 8,916-square-foot office building presents a rare opportunity in Washington, IL. Constructed in 2015, this meticulously maintained property boasts a prime location just off US Route 24/Boyd Parkway, offering excellent visibility and accessibility. Situated on a spacious 1.84-acre lot near Illinois Central College, the building benefits from a high-traffic area and a desirable proximity to educational institutions. The property features a comprehensive array of modern amenities, including three-phase electric service, a Generac automatic failover generator ensuring uninterrupted power, and extensive fiber and ethernet cabling throughout. Safety and security are paramount, with fire and theft alarm systems, fire-rated security doors between sections, and multiple HVAC units for climate control. A significant advantage is the inclusion of a tornado-rated shelter within the restrooms. The sale price includes all existing Lincoln Office brand furniture, valued at $150,000, encompassing projectors, conference room equipment, and select artwork. Furthermore, the property's design allows for future expansion, with plans in place to accommodate an additional 5,200-square-foot building on the northeast corner of the lot. This turnkey operation offers immediate occupancy and significant potential for growth.

    Property Features for 90 Eastgate Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,916 SF
    Lot Size
    80,150 SF

    Building Details

    Year Built
    2015
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Building Supply Wholesale Shop Gym & Fitness Kitchen & Bath Bar & Pub Convenience Store Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.50539
    Latitude
    40.71671

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    FAQs

    What type of property is this?
    Commercial real estate - Modern 8,916 sq ft office, 1.84 acres
    Where is this commercial real estate located?
    The property is located at 90 Eastgate Dr Washington, IL.
    What is the asking price?
    The asking price for this property is $999,000.
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    90 Eastgate Dr Washington, IL 61571
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    Realmo Value Estimation

    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.

    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.

    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
    90 Eastgate Dr Washington, IL 61571
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