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Level Commercial Land
New
For Sale
$105,000

22955 Grosenbach Road, Washington, IL 61571

A cleared parcel in a business subdivision is near medical, dental, preschool, and other businesses.

Property SizeContact for details
Days on Market2

Property Features for 22955 Grosenbach Road

General Information

Standard status Active
Property subtype Vacant Land
Zoning B-1
Listing Agency: RE/MAX
Listed By: Jessica Ball · License #475175281
Source: Remaxcommercial
Added: Oct 19 Last Checked: Oct 19 at 2:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX

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Investment Insights

Based on property information with market context.

This 0.594-acre commercial parcel is level and cleared, with a separate parcel created through a recent split. The site is positioned at Grosenbach Road and Eastgate, behind the building at the southwest corner of the intersection. B-1 zoning applies.

Access to US Route 24 is available via Boyd Parkway, where traffic counts range from 17,000 to 18,500 vehicles per day. The surrounding business subdivision includes a dental practice, medical offices, a preschool, and other businesses.

The property is within the East Peoria Enterprise Zone. Listed incentives include a 100% property tax abatement on site improvements for five years after final inspections and certificate of occupancy, an Illinois sales tax exemption for qualifying building materials used in the zone, and a 50% waiver of city building permit fees.

Key Highlights

  • 0.594‑acre level, cleared commercial parcel
  • B‑1 zoning
  • At Grosenbach Road and Eastgate, behind the building at the intersection’s southwest corner

Property Analytics

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Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Carpet & Flooring Store Kitchen & Bath Showroom Restaurant Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

78
Businesses Nearby

Demographics for 61571, IL

24,766
Population
10,273
Households
2.4
Avg Household Size
40
Median Age
38%
College-Educated
98%
High-School Grad
53.5 sq mi
ZIP Area
463
Density / Sq Mi
$87,852
Median Household Income
$48,329
Median Earnings
$996
Median Rent
$200,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - A cleared parcel in a business subdivision is near medical, dental, preschool, and other businesses.
Where is this commercial land located?
The property is located at 22955 Grosenbach Road Washington, IL.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: 0.594‑acre level, cleared commercial parcel; B‑1 zoning; At Grosenbach Road and Eastgate, behind the building at the intersection’s southwest corner
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