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    OFF-MARKET
    Commercial real estate

    2098 Washington Rd, Washington, IL 61571

    7.53 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 7.53-acre commercial parcel presents a rare opportunity for development in Washington, IL. Strategically located on busy Washington Road, this property boasts high visibility and convenient access. The land is already cleared and ready for construction, saving significant time and expense. Its C-2 zoning allows for a wide range of commercial uses, making it ideal for various businesses. The property's prime location offers significant advantages, situated near major retailers such as Menards and Super Walmart, ensuring high traffic and customer visibility. Further enhancing its appeal, the property is directly adjacent to a Meijer Mart parcel, creating a synergistic environment for potential development. A significant added benefit is the presence of a natural gas well on the site, offering potential cost savings for future operations. This exceptional property is priced at $475,000 and represents an outstanding investment opportunity for developers and businesses seeking a high-traffic location with significant development potential. The cleared land and convenient access to major roadways make this a truly exceptional commercial offering. Don't miss this chance to secure a prime piece of commercial real estate in a thriving market.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 7.53 ac (328,007 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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