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    OFF-MARKET
    Commercial real estate

    Eastgate Dr, Washington, IL 61571

    1.14 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.14-acre commercial lot presents a remarkable development opportunity in Washington, Illinois. Strategically located on the highly visible northwest corner of Eastgate Drive and Grosenbach Road, this property boasts a hard corner location ideal for maximizing exposure and attracting significant traffic. The B-1 zoning designation opens the door to a wide array of commercial uses, allowing for diverse development possibilities to suit a variety of business needs. The expansive lot size provides ample space for constructing a substantial building, offering flexibility in design and functionality. This is a rare chance to acquire a prime piece of commercial real estate in a growing area, poised for significant future growth and return on investment. The property's location offers easy access to major transportation routes, ensuring convenient access for both employees and customers. Its prominent position at a major intersection guarantees high visibility, making it an attractive location for businesses seeking to establish a strong presence in the community. This exceptional lot is ready for immediate development, presenting a unique opportunity for entrepreneurs and investors alike to capitalize on its prime location and zoning potential. Don't miss this chance to secure a valuable asset in a thriving market. The asking price reflects the significant potential of this exceptional property.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.14 ac (49,658 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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