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1405-1419 Washington Rd Washington, IL 61571

For Sale
$355,000

Five-unit retail center, high visibility, strong ROI.

Property size:
8,480 SF

Description

Added:
Feb 3, 2025
Days on Market:
306
This exceptional five-unit shopping center, boasting 8,480 square feet, presents a compelling investment opportunity in the thriving city of Washington, Illinois. Strategically located on busy Washington Road (BUS 24), this property enjoys unparalleled visibility and high traffic counts, ensuring maximum exposure for your tenants. The center has undergone significant recent renovations, including a complete roof replacement in 2020, updated HVAC systems and furnaces throughout, and new water heaters. Both interior and exterior improvements have been completed, enhancing the aesthetic appeal and functionality of the building. Currently, one main-level unit is vacant, offering the new owner the unique opportunity to occupy the space or secure additional rental income. Financial details are available upon request via a non-disclosure agreement. The property's strong performance is reflected in its over 12% capitalization rate, projected upon filling the vacant unit. This is a rare chance to acquire a well-maintained, high-performing commercial property in a desirable location with significant upside potential. There is no "For Sale" sign currently displayed on the property. Serious inquiries only.

Property Features for 1405-1419 Washington Rd

General Information

Property type
Other commercial real estate
Square Feet
8,480 SF

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Washington
County
Tazewell
State
Illinois
Longitude
-89.43115
Latitude
40.7036

FAQs

What type of property is this?
Commercial real estate - Five-unit retail center, high visibility, strong ROI.
Where is this commercial real estate located?
The property is located at 1405-1419 Washington Rd Washington, IL.
What is the asking price?
The asking price for this property is $355,000.
More about this property
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