Property profile

328 Parkside Dr Washburn, IL 61570

OFF-MARKET
Warehouses
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Property summary

AI-generated overview

This exceptional $145,000 commercial property located at 328 W Parksid Drive, Washburn, IL 61570, presents a unique investment opportunity. The property is classified as land and industrial, encompassing a former Chevrolet garage. The building itself features a showroom, a service garage, a dedicated parts room, a wash bay, and a sizable car lot. Its prime location ensures high traffic counts, a significant advantage for any business. Currently operating as a service center, the property offers immediate potential for continued use in a similar capacity or adaptation to other commercial ventures. It's important to note that all parts, equipment, and the existing business are being sold separately from the real estate. The property's geographical coordinates are 40.9170137 latitude and -89.2955245 longitude, situated in Woodford County, Illinois. This is a land sale, offering the buyer complete control and flexibility for future development or continued operation. The property's history as a well-established service center provides a solid foundation for a variety of commercial uses. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers.

Property profile

Verified
Property type Warehouses

Cap rate & NOI

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

Location

328 Parkside Dr Washburn, IL 61570
Washburn 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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