Property profile

0 Eastgate Dr East Peoria, IL 61571

OFF-MARKET
Land
0.94 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 0.94 ac (40,946 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Eastgate Dr East Peoria, IL 61571
East Peoria metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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