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    101 Eastgate Dr Washington, IL 61571

    Sponsored
    For Sale
    $174,240

    High-visibility lot, ready for development. B-3 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-acre commercial land parcel presents a unique development opportunity in Washington, Illinois. Located at 1010 Eastgate Drive, this property boasts a highly desirable B-3 zoning classification, allowing for a wide range of commercial uses. The lot is situated at the prominent northwest corner of Eastgate Drive and Village Drive, ensuring maximum visibility and accessibility for any future business. Its level topography simplifies development, minimizing site preparation costs and expediting the construction process. The asking price for this ready-to-develop site is $174,240. The property's address is 1010 Eastgate Drive, Washington, IL 61571, within Tazewell County. Its convenient location offers easy access to local amenities and transportation routes, making it an attractive proposition for businesses seeking a high-traffic location. This is an exceptional opportunity to acquire a prime commercial lot in a thriving community. The one-acre size provides ample space for a variety of development projects, from small retail spaces to larger commercial buildings. Don't miss this chance to secure a valuable piece of commercial real estate in a strategic location.

    Property Features for 101 Eastgate Dr

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Highly desirable commercial land, ideal for development.
    • Zoned for mixed‑use development, allowing for flexibility in project planning.
    • Excellent visibility and accessibility from major thoroughfares, ensuring high traffic counts.
    • Utilities readily available at the site, minimizing infrastructure costs.
    • Strategic location within a rapidly growing commercial corridor, promising strong ROI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Building Supply Wholesale Shop Gym & Fitness Kitchen & Bath Bar & Pub Convenience Store Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.5063726
    Latitude
    40.7159569

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    FAQs

    What type of property is this?
    Land - High-visibility lot, ready for development. B-3 zoning.
    Where is this land located?
    The property is located at 101 Eastgate Dr Washington, IL.
    What is the asking price?
    The asking price for this property is $174,240.
    What are key features of this property?
    This property features: Highly desirable commercial land, ideal for development.; Zoned for mixed-use development, allowing for flexibility in project planning.; Excellent visibility and accessibility from major thoroughfares, ensuring high traffic counts.
    Request Owner's contact information
    101 Eastgate Dr 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
    101 Eastgate Dr Washington, IL 61571
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