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Property profile & analytics
OFF-MARKET
Land

0 Cummings Ln Washington, IL 61571

35.11 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 35.11-acre parcel presents a remarkable investment opportunity in Washington, Illinois. Strategically located at the northwest corner of Cummings Lane and Cruger Road, this property boasts over 1,100 feet of frontage on Route 24 (Boyd Parkway), a major thoroughfare. The high-traffic location is underscored by a daily traffic count of 13,900 vehicles on Route 24 and 7,850 on Cummings Lane. The land is currently used for agriculture, but its C3 zoning permits a variety of commercial, industrial, and residential uses. This versatility is further enhanced by its proximity to a diverse range of established businesses, including healthcare facilities, a hotel, restaurants, and financial institutions. The property's location within the Northern Tazewell County Enterprise Zone may offer additional development incentives. The asking price for this significant land holding is $1,500,000. The Tax Assessor Parcel Number (APN) is 02-02-16-200-030. This is a rare chance to acquire a large, well-situated tract with substantial development potential in a thriving community.

Property profile
Verified
Property type Land
Lot 35.11 ac (1,529,392 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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