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    Cummings Ln & Cruger Rd Washington, IL 61571

    Sponsored
    For Sale
    $1,200,000

    11.31 Acres, Divisible, Utilities Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11.31-acre commercial land parcel presents a remarkable investment opportunity in Washington, Illinois. Strategically located on one of the town's busiest thoroughfares, Cummings Lane & Cruger Road, this property boasts unparalleled visibility and accessibility. The land is zoned for commercial use, allowing for a wide range of development possibilities. Utilities are readily available, including cable television, electricity, and natural gas, simplifying the development process. The site itself is characterized by level terrain, minimizing site preparation costs and maximizing buildable area. Further enhancing its appeal, this property is situated within an enterprise zone, potentially offering significant tax advantages. The seller is willing to divide the parcel, providing flexibility for buyers seeking smaller acreage options. Its proximity to numerous established businesses and convenient access to interstate highways ensures high traffic volume and excellent connectivity. This is an exceptional opportunity to acquire a highly desirable commercial property in a thriving location. The variety of acreage sizes available caters to diverse development needs, making this a truly versatile investment. The asking price for the entire 11.31 acres is $1,200,000.

    Property Features for 0 Cummings Ln & Cruger Rd

    General Information

    Property type
    Land
    Lot Size
    492,664 SF

    HighLights

    • Prime location on Cummings Lane & Cruger Road in Washington, IL.
    • Divisible parcel; smaller acreage options available.
    • High traffic area near established businesses.
    • Easy interstate access.
    • Variety of acreage sizes to suit diverse development needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.4457045
    Latitude
    40.7160898

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    FAQs

    What type of property is this?
    Land - 11.31 Acres, Divisible, Utilities Available
    Where is this land located?
    The property is located at Cummings Ln & Cruger Rd Washington, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime location on Cummings Lane & Cruger Road in Washington, IL.; Divisible parcel; smaller acreage options available.; High traffic area near established businesses.
    Request Owner's contact information
    Cummings Ln & Cruger 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
    Cummings Ln & Cruger Rd Washington, IL 61571
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