102 Esser St, Washington, IL 61571
This exceptional 0.5-acre commercial lot, situated at 102 Esser Street in Washington, Illinois, presents a compelling investment opportunity. Located on Washington Road/Route 8, this property boasts high visibility and significant traffic counts, ensuring maximum exposure for any future development. The land is divided into two parcels, both zoned B-3, offering considerable flexibility for a range of commercial ventures. Its strategic location within the East Peoria Enterprise Zone and Sunnyland Corridor Development unlocks substantial economic incentives. Approved projects may qualify for a remarkable 50% reduction in permit fees, a complete 100% property tax abatement on improvements for a full five-year period, and advantageous sales tax waivers. Detailed information regarding these incentives is readily available in the associated documents, including the Enterprise Zone information sheet, the Sunnyland Corridor Development brochure, and the official plat and survey. This prime location and the substantial financial benefits associated with the Enterprise Zone and Corridor Development make this a truly exceptional opportunity for developers seeking a high-impact, cost-effective project in a thriving area. The property is priced competitively at $60,000, reflecting its potential and strategic advantages. Don't miss this chance to acquire a highly visible and incentivized commercial lot in a rapidly developing area. Contact us today to learn more and schedule a site visit.
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
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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.