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    Eastgate Dr East Peoria, IL 61571

    Sponsored
    For Sale
    $163,785

    0.94-acre B-2 zoned lot, ready to develop.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.94-acre commercial land parcel presents a unique development opportunity in Washington, Illinois. Located on Eastgate Drive, this property boasts a highly desirable B-2 zoning classification, allowing for a wide range of commercial uses. The expansive lot size provides ample space for various projects, from small-scale retail establishments to larger-scale commercial ventures. Its strategic location offers convenient access to major transportation routes and a thriving local community. The property is ready for immediate development, eliminating lengthy permitting processes and allowing for a swift start to your project. With its ideal zoning, ample space, and prime location, this land parcel represents a compelling investment opportunity for discerning developers and entrepreneurs seeking to establish a presence in a dynamic and growing market. The asking price is $163,785. The property is situated in Tazewell County, Illinois, with a 61571 zip code. The address is listed as EASTGATE Drive, Washington, IL. This is a remarkable chance to acquire a highly sought-after commercial property in a vibrant Illinois community.

    Property Features for 0 Eastgate Dr

    General Information

    Property type
    Land
    Lot Size
    40,946 SF

    HighLights

    • 0.94‑acre B‑2 zoned lot in Washington, IL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    East Peoria
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.5080308
    Latitude
    40.7163082

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    FAQs

    What type of property is this?
    Land - 0.94-acre B-2 zoned lot, ready to develop.
    Where is this land located?
    The property is located at Eastgate Dr East Peoria, IL.
    What is the asking price?
    The asking price for this property is $163,785.
    What are key features of this property?
    This property features: 0.94-acre B-2 zoned lot in Washington, IL.; ;
    Request Owner's contact information
    Eastgate Dr East Peoria, 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
    Eastgate Dr East Peoria, IL 61571
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