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    2098 Washington Rd Washington, IL 61571

    Sponsored
    For Sale
    $475,000

    7.5 Acres, C-2 Zoning, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 7.53-acre commercial parcel presents a rare opportunity for development in Washington, IL. Strategically located on busy Washington Road, this property boasts high visibility and convenient access. The land is already cleared and ready for construction, saving significant time and expense. Its C-2 zoning allows for a wide range of commercial uses, making it ideal for various businesses. The property's prime location offers significant advantages, situated near major retailers such as Menards and Super Walmart, ensuring high traffic and customer visibility. Further enhancing its appeal, the property is directly adjacent to a Meijer Mart parcel, creating a synergistic environment for potential development. A significant added benefit is the presence of a natural gas well on the site, offering potential cost savings for future operations. This exceptional property is priced at $475,000 and represents an outstanding investment opportunity for developers and businesses seeking a high-traffic location with significant development potential. The cleared land and convenient access to major roadways make this a truly exceptional commercial offering. Don't miss this chance to secure a prime piece of commercial real estate in a thriving market.

    Property Features for 2098 Washington Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    328,007 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.46497
    Latitude
    40.69989

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    FAQs

    What type of property is this?
    Commercial real estate - 7.5 Acres, C-2 Zoning, High Visibility
    Where is this commercial real estate located?
    The property is located at 2098 Washington Rd Washington, IL.
    What is the asking price?
    The asking price for this property is $475,000.
    Request Owner's contact information
    2098 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
    2098 Washington Rd Washington, IL 61571
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