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    300 Cummings Ln Washington, IL 61571

    Sponsored
    For Sale
    $1,000,000

    9.67 Acres, I-1 Zoning, Vacant

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.67-acre vacant parcel presents a unique investment opportunity in Washington, Illinois. Boasting highly desirable I-1 industrial zoning, this flat, buildable land is ideally situated for immediate development. Its prime location at the planned intersection of the Freedom Parkway extension (currently ending near Walmart and Menards, with future extension to Cummings Lane) offers unparalleled access and visibility. The property is surrounded by a thriving mix of industrial businesses, retail establishments, medical facilities, and hotels, ensuring a strong and diverse surrounding community. This presents a rare chance to capitalize on the growth potential of this strategically located site. The property's flat terrain simplifies construction, minimizing site preparation costs and accelerating project timelines. The existing infrastructure and proximity to established businesses make this an attractive proposition for a wide range of commercial and industrial ventures. This is a truly exceptional opportunity to acquire a significant land holding in a rapidly developing area. The I-1 zoning allows for a variety of uses, providing flexibility for future development plans. Don't miss this chance to secure a prime piece of real estate in a high-growth sector of Washington, IL. The asking price is $1,000,000.

    Property Features for 300 Cummings Ln

    General Information

    Property type
    Mixed-use properties
    Lot Size
    421,225 SF

    HighLights

    • $1,000,000 asking price.
    • 9.67‑acre industrial land parcel with mixed‑use potential.
    • Vacant land with I‑1 zoning.
    • Located in Washington, IL, at 300 N Cummings Ln.
    • Prime location near Walmart, Menards, and future Freedom Parkway extension.
    • Surrounded by industrial, retail, medical, and hospitality businesses.
    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 Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.44569791926
    Latitude
    40.708545403245

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    FAQs

    What type of property is this?
    Mixed-use property - 9.67 Acres, I-1 Zoning, Vacant
    Where is this mixed-use property located?
    The property is located at 300 Cummings Ln Washington, IL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 asking price.; 9.67-acre industrial land parcel with mixed-use potential.; Vacant land with I-1 zoning.
    Request Owner's contact information
    300 Cummings Ln 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
    300 Cummings Ln Washington, IL 61571
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