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    1300 Washington St Washington, IL 61571

    Sponsored
    For Sale
    $850,000

    High-traffic retail lot, excellent investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 850,000 dollar investment opportunity presents a prime piece of commercial real estate located at 1300 WASHINGTON Street, Washington, IL 61571. The property, built in 2006, consists of one building situated on a land parcel ideally suited for retail development. Its classification as both commercial and shopping center land highlights its versatility and potential for a variety of uses. The property's location in Tazewell County, Illinois, offers excellent access to a significant consumer base. The asking price reflects the strategic value of this location and the potential for strong returns on investment. The property's single building structure provides a blank canvas for redevelopment or repurposing, allowing for customization to suit a specific business plan. This is a rare opportunity to acquire a well-positioned retail property in a thriving Illinois community. Detailed site plans and further information are available upon request. The property's coordinates are 40.6941107 latitude and -89.4174641 longitude. Serious inquiries only.

    Property Features for 1300 Washington St

    General Information

    Property type
    Lifestyle centers

    Building Details

    Year Built
    2006
    Buildings
    1

    HighLights

    • $850,000 investment opportunity in Washington, IL.
    • 2006‑built commercial building on retail‑zoned land.
    • Located at 1300 WASHINGTON Street, Washington, IL 61571 (40.6941107, -89.4174641).
    • Excellent access to a large consumer base in Tazewell County.
    • Ideal for redevelopment or repurposing to suit various business plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.4174641
    Latitude
    40.6941107

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail lot, excellent investment.
    Where is this lifestyle center located?
    The property is located at 1300 Washington St Washington, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 investment opportunity in Washington, IL.; 2006-built commercial building on retail-zoned land.; Located at 1300 WASHINGTON Street, Washington, IL 61571 (40.6941107, -89.4174641).
    Request Owner's contact information
    1300 Washington St 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
    1300 Washington St Washington, IL 61571
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