150 Summit Dr Washington, IL 61571
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.
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.