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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

150 Summit Dr Washington, IL 61571

1 SF 0.88 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.88-acre commercial land parcel presents a unique opportunity for retail development in the thriving town of Washington, Illinois. Located at 150 N Summit Dr, this single-tenant property boasts a highly desirable location within Tazewell County. The site offers significant potential for a variety of retail uses, benefiting from its proximity to a range of amenities and attractions. Nearby establishments include Denhart Baking Company and Washington Family Restaurant, providing convenient options for dining and client meetings. Essential services such as banking, postal services, and shopping centers are also easily accessible, enhancing the practicality and appeal of this location for businesses. The property's address is 150 N Summit Dr, Washington, IL 61571, and its convenient location within a friendly community makes it an ideal choice for entrepreneurs seeking a practical and attractive setting for their retail venture. The total building square footage is currently listed as 1 square foot, indicating the land is primarily undeveloped and ready for new construction. This presents a blank canvas for a custom-designed retail space tailored to specific business needs. The property's 0.88-acre lot size provides ample space for development and potential expansion. This is a rare opportunity to establish a retail presence in a vibrant and supportive community.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1 SF
Lot 0.88 ac (38,333 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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Comparable Approach Comparable
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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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