0 Eastgate Dr, East Peoria, IL 61571
This exceptional 0.94-acre commercial land parcel presents a unique development opportunity in Washington, Illinois. Located on Eastgate Drive, this property boasts a highly desirable B-2 zoning classification, allowing for a wide range of commercial uses. The expansive lot size provides ample space for various projects, from small-scale retail establishments to larger-scale commercial ventures. Its strategic location offers convenient access to major transportation routes and a thriving local community. The property is ready for immediate development, eliminating lengthy permitting processes and allowing for a swift start to your project. With its ideal zoning, ample space, and prime location, this land parcel represents a compelling investment opportunity for discerning developers and entrepreneurs seeking to establish a presence in a dynamic and growing market. The asking price is $163,785. The property is situated in Tazewell County, Illinois, with a 61571 zip code. The address is listed as EASTGATE Drive, Washington, IL. This is a remarkable chance to acquire a highly sought-after commercial property in a vibrant Illinois 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
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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.