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    OFF-MARKET
    Commercial real estate

    1300 Washington St, Washington, IL 61571

    16,000 SF 1.5 ac lot Built 2006
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1300 Washington Street in Washington, Illinois, presents a significant investment opportunity. Boasting a substantial 16,000 square feet of versatile space, this general commercial building sits on a generous 1.5-acre lot, offering ample room for expansion, parking, or outdoor operations. The property's prime location on Washington Street ensures high visibility and accessibility, making it ideal for a wide range of businesses. The asking price is $850,000, representing a compelling value for a property of this size and location in a thriving Illinois community. The expansive footprint allows for diverse configurations to suit various business needs, from retail and office spaces to light industrial or warehousing. The ample land provides significant potential for future development or expansion, catering to growth and adaptation. This property is ready for immediate occupancy and presents a rare chance to acquire a substantial commercial asset in a desirable location. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property's size and location make it a strong contender for a variety of commercial ventures, promising a solid return on investment. Its potential for customization and expansion further enhances its appeal to discerning buyers seeking a flexible and adaptable space.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2006
    Total area 16,000 SF
    Lot 1.5 ac (65,340 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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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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