0 Cherry Tree Shopping Ctr Washington, IL 61571
This exceptional retail opportunity is located at the Cherry Tree Shopping Center in Washington, Illinois, a bustling center conveniently situated just off Route 150 on Washington Road (Route 24). The property boasts a total of 100,675 square feet, with 19,385 square feet currently vacant and available for lease. Two contiguous spaces are available, ranging from 4,835 to a maximum of 12,600 square feet, providing flexibility for various retail concepts. The center enjoys a strong tenant mix, including established businesses such as RP Home & Harvest, Kroger, a fitness center, and several restaurants, ensuring high foot traffic and visibility. The strategic location benefits from proximity to other key businesses, including Super 8 by Wyndham, Heartland Bank, IVP Plastics, and Goodwill, further enhancing the area's commercial appeal. This prime retail space presents a unique opportunity to establish or expand your business within a thriving commercial environment in Tazewell County, Illinois, zip code 61571. The property is situated at 40.7061048 latitude and -89.4471763 longitude. Don't miss this chance to secure your place in this successful shopping center.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.