1405-1419 Washington Rd Washington, IL 61571
- Commercial real estate
- 8,480 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1405-1419 Washington Rd
- Property size
- 8,480 SF
- Property type
- Commercial real estate
Description
This exceptional five-unit shopping center, boasting 8,480 square feet, presents a compelling investment opportunity in the thriving city of Washington, Illinois. Strategically located on busy Washington Road (BUS 24), this property enjoys unparalleled visibility and high traffic counts, ensuring maximum exposure for your tenants. The center has undergone significant recent renovations, including a complete roof replacement in 2020, updated HVAC systems and furnaces throughout, and new water heaters. Both interior and exterior improvements have been completed, enhancing the aesthetic appeal and functionality of the building. Currently, one main-level unit is vacant, offering the new owner the unique opportunity to occupy the space or secure additional rental income. Financial details are available upon request via a non-disclosure agreement. The property's strong performance is reflected in its over 12% capitalization rate, projected upon filling the vacant unit. This is a rare chance to acquire a well-maintained, high-performing commercial property in a desirable location with significant upside potential. There is no "For Sale" sign currently displayed on the property. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.4312
- Latitude
- 40.7036
