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    Legion Rd Washington, IL 61571

    Sponsored
    For Sale
    $650,000

    4.26 Acres, C-2 Zoned, Ready to Develop

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 4.26-acre commercial property presents a unique development opportunity in Washington, Illinois. Situated on the west side of Legion Road, just south of the heavily trafficked intersection of Route 8 and Washington Road, this location offers unparalleled visibility and accessibility. The property comprises two parcels, providing flexibility for various development plans. The northern parcel enjoys the added benefit of being located within an Enterprise Zone, potentially offering significant tax advantages to future developers. The land itself is characterized by its flat topography, simplifying site preparation and construction. The C-2 zoning allows for a wide range of commercial uses, making this an ideal site for businesses seeking high-traffic exposure and convenient access to major roadways. The strategic location near CEFCU further enhances the property's appeal, providing proximity to established businesses and a strong local customer base. This is a rare opportunity to acquire a substantial, well-located commercial parcel ready for immediate development. The asking price of $650,000 reflects the exceptional value and potential of this prime real estate. Serious inquiries are encouraged to explore the possibilities this property offers. Detailed zoning information and site plans are available upon request.

    Property Features for Legion Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    185,566 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.45926
    Latitude
    40.69615

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    FAQs

    What type of property is this?
    Commercial real estate - 4.26 Acres, C-2 Zoned, Ready to Develop
    Where is this commercial real estate located?
    The property is located at Legion Rd Washington, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    Request Owner's contact information
    Legion 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
    Legion Rd Washington, IL 61571
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