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    2339 Washington Rd Washington, IL 61571

    Sponsored
    For Sale
    $200,000

    Flexible space, high visibility, great location.

    Property size:
    2,052 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 2,052 square foot commercial building presents a fantastic investment opportunity in Washington, IL. Situated on a 0.48-acre lot along Route 8, this property boasts high visibility and excellent traffic counts, ensuring maximum exposure for your business. Currently configured as a single-tenant space, the building's adaptable layout allows for easy division into two separate units, providing flexibility for a variety of uses. Imagine the possibilities – a retail storefront and an office, two separate professional suites, or even a unique combination to suit your specific needs. Ample parking is available, catering to the needs of both tenants and customers. The property is equipped with 3-phase electric capacity, accommodating businesses with higher power demands. Its versatile design makes it ideal for a wide range of commercial ventures, including but not limited to office spaces, daycare centers, salons, or other retail establishments. This is a rare chance to acquire a well-located, adaptable commercial property with significant potential. The high visibility and convenient location make this an exceptional opportunity for an owner-user or investor seeking a strong return. Don't miss out on this chance to bring your vision to life in a thriving community.

    Property Features for 2339 Washington Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,052 SF
    Lot Size
    20,909 SF

    Building Details

    Year Built
    1959
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.4869
    Latitude
    40.69213

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    FAQs

    What type of property is this?
    Commercial real estate - Flexible space, high visibility, great location.
    Where is this commercial real estate located?
    The property is located at 2339 Washington Rd Washington, IL.
    What is the asking price?
    The asking price for this property is $200,000.
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    2339 Washington Rd Washington, IL 61571
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    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
    2339 Washington Rd Washington, IL 61571
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