Eastgate Dr, Washington, IL 61571
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.