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    1980 Freedom Pkwy Washington, IL 61571

    • Commercial real estate
    • 67.00 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US28-2642427
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1980 Freedom Pkwy

    Lot size
    67.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 67-acre commercial land parcel presents a unique investment opportunity in Washington, Illinois. Located at 1980 Freedom Parkway, this expansive site boasts convenient access to IL Rt 8 and Freedom Parkway, ensuring high visibility and easy accessibility for businesses. The property is designated for commercial use and is fully serviced with all necessary utilities already in place, eliminating significant infrastructure development costs. Its sizable acreage offers considerable flexibility, allowing for either a single large-scale development or the potential for division into smaller parcels to accommodate multiple businesses. The "For Sale By Owner" status provides a direct and streamlined transaction process. Situated in Tazewell County, this property benefits from a strategic location within a thriving community. Detailed site plans and zoning information are readily available upon request. This is an ideal location for a variety of commercial ventures, from retail and industrial to office and logistics. The property's size and location make it a highly attractive proposition for developers and investors seeking a significant land holding in a desirable Illinois market. The zip code is 61571. Serious inquiries only.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.456944930997
    Latitude
    40.706983740451

    Comparable in this City

    • $850,000

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      High-traffic retail lot, excellent investment.
      1300 Washington St, Washington, IL 61571
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    • $400,000
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      Prime Washington Commercial Land

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      Prime Washington, IL Commercial Land

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    • $59,500

      Residential Land in Devonshire Estates

      Residential land for sale in a desirable Washington, IL location.
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    • $58,500

      Residential Land in Devonshire Estates

      Residential land for sale in a convenient Washington, IL location.
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    • $54,000

      Residential Land in Windsong Estates

      Land in a thriving Washington community with convenient access.
      203 Windsong Dr, Washington, IL 61571
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    Similar Nearby for Sale

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      Flat, buildable industrial parcel in a developing area.
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      Level, commercially zoned land parcel with high visibility and traffic.
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      Residential Land in Desirable Location

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    Similar Nearby for Lease

    • Contact for pricing

      Prime Washington, IL Commercial Land

      Outlots & acreage for lease/sale
      0 Mcclugage Rd, Washington, IL 61571
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    • $14 SF/Yr
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      Class A Office Building, Washington, IL

      8,916 sq ft, 1.84 acres, NNN lease
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    • $12 SF/Yr
      14,000 SF

      Prime Washington Retail Space

      14,000 SF Strip Center, 2 Suites Available
      1960 Freedom Pkwy, Washington, IL 61571
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    • $8 SF/Yr
      100,675 SF

      Cherry Tree Shopping Center Retail Space

      High-traffic retail space, multiple suites available.
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    • $15 SF/Yr
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      Retail space available in multi-tenant strip center.
      1960-1970 Freedom Pkwy, Washington, IL 61571
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    • $12 SF/Yr
      12,600 SF

      Retail Suites in Cherry Tree Center

      Retail suites available in busy Washington, IL shopping center.
      6-64 Cherry Tree Shopping Ctr, Washington, IL 61571
      View Details
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    1980 Freedom Pkwy
    Washington, IL 61571
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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