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    1860 Cruger Rd Washington, IL 61571

    Sponsored
    For Sale
    $134,900

    1.33 Acres, C2 Zoning, $134,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.33-acre commercial and industrial land parcel is strategically located at 1860 W Cruger Rd, Washington, IL, 61571. Situated in Tazewell County, this property enjoys a prime location just off N Cummings Lane and near Route 24, providing excellent visibility and accessibility. The parcel is zoned C2, offering a wide range of development possibilities. Currently used for agricultural purposes, this site presents a unique opportunity for redevelopment. The surrounding area boasts a diverse mix of commercial establishments, including healthcare facilities, a hotel, restaurants, and financial institutions, creating a vibrant and established commercial environment. The property benefits from its proximity to high-traffic areas, with a reported 13,900 cars per day (CPD) on Route 24 and 7,850 CPD on Cummings Lane. Furthermore, this location is within the Northern Tazewell County Enterprise Zone, potentially offering attractive city incentives for development. This is an exceptional opportunity to acquire a well-positioned commercial land parcel with significant development potential in a thriving community. The asking price for this property is $134,900.

    Property Features for 1860 Cruger Rd

    General Information

    Property type
    Land
    Lot Size
    57,935 SF

    HighLights

    • $134,900 asking price for 1.33 acres of commercial/industrial land.
    • Located at 1860 W Cruger Rd, Washington, IL 61571.
    • C2 zoning.
    • Excellent location near Route 24, with high traffic counts on nearby roads.
    • Surrounded by commercial businesses including healthcare, hospitality, and finance.
    • Currently used for agriculture, offering redevelopment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.444485942257
    Latitude
    40.715995295361

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    FAQs

    What type of property is this?
    Land - 1.33 Acres, C2 Zoning, $134,900
    Where is this land located?
    The property is located at 1860 Cruger Rd Washington, IL.
    What is the asking price?
    The asking price for this property is $134,900.
    What are key features of this property?
    This property features: $134,900 asking price for 1.33 acres of commercial/industrial land.; Located at 1860 W Cruger Rd, Washington, IL 61571.; C2 zoning.
    Request Owner's contact information
    1860 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
    1860 Cruger Rd Washington, IL 61571
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