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    6-64 Cherry Tree Shopping Ctr Washington, IL 61571

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    For Lease
    $12 SF/Yr ($12,600 /Mo)

    Retail suites available in busy Washington, IL shopping center.

    Property size:
    12,600 SF
    Lot size:
    18.71 Acres

    Property Features for 6-64 Cherry Tree Shopping Ctr

    General Information

    Size
    12,600 SF
    Lot size
    18.71 Acres

    Source: Maloof Commercial Agent Zac Maloof

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Suites in Cherry Tree Center

    Two suites are available for lease in a busy shopping center located just off Route 150 on Washington Road (Route 24) in Washington, Illinois. The shopping center's tenants include RP Home & Harvest, Kroger, a gym, and several restaurants. Nearby businesses include Super 8 by Wyndham, Heartland Bank, IVP Plastics, and Goodwill. Suite D-1 offers 4,835 square feet at a lease rate of $12 per square foot NNN. Suite D-4B provides 12,600 square feet at a lease rate of $8 per square foot NNN. All suites feature storefront access.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Similar Places Nearby

    Cherry Tree Shopping Center, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.445896
    Latitude
    40.70604

    Nearby Similar for Lease

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      Cherry Tree Shopping Center Retail Space

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    FAQs

    What type of property is this?
    Shopping center - Retail suites available in busy Washington, IL shopping center.
    Where is this shopping center located?
    The property is located at 6-64 Cherry Tree Shopping Ctr Washington, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location off Rt. 150 on Washington Road (Rt. 24).; - Located in a busy shopping center with RP Home & Harvest, Kroger, GYM, and restaurants.; - **Suite D-4B: 12,600 sf. available at $8 psf NNN.**
    (309) 693-3000
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    6-64 Cherry Tree Shopping Ctr 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
    6-64 Cherry Tree Shopping Ctr Washington, IL 61571
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