Property profile

90 Eastgate Dr Washington, IL 61571

OFF-MARKET
Office Spaces
8,916 SF Built 2015
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Property summary

AI-generated overview

This exceptional 8,916-square-foot Class A office building is situated on a 1.84-acre lot in Washington, Illinois, conveniently located off US Route 24/Boyd Parkway near Illinois Central College. Built in 2015, this single-tenant property boasts modern amenities including 3-phase electric power, a Generac auto-failover generator ensuring uninterrupted operation, and comprehensive fiber and ethernet cabling throughout. Safety features include fire and theft alarm systems, fire-rated security doors, and a tornado-rated shelter. Multiple HVAC units maintain optimal climate control. The building's design allows for a 5,200-square-foot addition on the northeast corner. A significant advantage is the potential inclusion of high-quality office furniture, a projector, conference room equipment, and select artwork (valued at $150,000) as part of the lease agreement. The property is zoned B-1 and features the Tax Assessor Parcel Number (APN) 01-01-13-201-019 in Tazewell County. The lease is a triple net (NNN) lease. This turnkey opportunity presents a rare chance to acquire a modern, well-equipped office space in a desirable location.

Property profile

Verified
Property type Office Spaces
Year built 2015
Total area 8,916 SF

Cap rate & NOI

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

Location

90 Eastgate Dr Washington, IL 61571
Washington metro
Google Maps

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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