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    Eastgate Dr Washington, IL 61571

    Sponsored
    For Sale
    $198,634

    1.14 Acres, B-1 Zoning, Ready to Develop

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1.14-acre commercial lot presents a remarkable development opportunity in Washington, Illinois. Strategically located on the highly visible northwest corner of Eastgate Drive and Grosenbach Road, this property boasts a hard corner location ideal for maximizing exposure and attracting significant traffic. The B-1 zoning designation opens the door to a wide array of commercial uses, allowing for diverse development possibilities to suit a variety of business needs. The expansive lot size provides ample space for constructing a substantial building, offering flexibility in design and functionality. This is a rare chance to acquire a prime piece of commercial real estate in a growing area, poised for significant future growth and return on investment. The property's location offers easy access to major transportation routes, ensuring convenient access for both employees and customers. Its prominent position at a major intersection guarantees high visibility, making it an attractive location for businesses seeking to establish a strong presence in the community. This exceptional lot is ready for immediate development, presenting a unique opportunity for entrepreneurs and investors alike to capitalize on its prime location and zoning potential. Don't miss this chance to secure a valuable asset in a thriving market. The asking price reflects the significant potential of this exceptional property.

    Property Features for Eastgate Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    49,658 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.50538
    Latitude
    40.71642

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    FAQs

    What type of property is this?
    Commercial real estate - 1.14 Acres, B-1 Zoning, Ready to Develop
    Where is this commercial real estate located?
    The property is located at Eastgate Dr Washington, IL.
    What is the asking price?
    The asking price for this property is $198,634.
    Request Owner's contact information
    Eastgate Dr 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
    Eastgate Dr Washington, IL 61571
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