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    OFF-MARKET
    Office Spaces

    90 Eastgate Dr, Washington, IL 61571

    8,916 SF 1.84 ac lot Built 2015
    Property ID
    Property summary
    AI-generated overview

    This exceptional 8,916-square-foot Class A executive office building, situated on a 1.84-acre lot in Washington, Illinois (61571), presents a unique owner-user opportunity. Built in 2015, the single-story structure boasts modern amenities including a Generac auto-failover generator, extensive fiber and ethernet cabling, multiple HVAC units, a tornado-rated shelter, and fire/theft alarm systems with fire-rated security doors. The property features 3-phase electric and is conveniently located off US Route 24/Boyd Parkway, near Illinois Central College. The sale price of $999,000 includes all existing Lincoln Office brand furniture, valued at $150,000, encompassing conference room equipment, a projector, and select artwork. The building is currently vacant and zoned B-1, allowing for potential expansion. Preliminary plans indicate the possibility of adding a 5,200-square-foot structure to the northeast corner of the property. The net rentable area is 8,916 square feet, with a price per square foot of $112.05. The lease type is NNN.

    Property profile
    Verified
    Property type Office Spaces
    Year built 2015
    Total area 8,916 SF
    Lot 1.84 ac (80,150 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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