Property profile

1331 Washington Rd Washington, IL 61571

FOR SALE
Commercial land
Property ID
US28-1088524
480 SF 1.41 ac lot Built 1963
Entity Owned 4-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1.41-acre commercial land parcel in Washington, IL, presents a remarkable development opportunity. Situated at 1331 Washington Rd, this C-2 zoned property boasts a highly desirable location, directly between a Pizza Hut and Becks Oil, and across the street from McDonald's and Dollar General. The property benefits from an average daily traffic count of 15,800 vehicles, ensuring high visibility and accessibility for any commercial venture. The parcel's APN is 02-02-22-204-005, and its location within Tazewell County, IL (zip code 61571) offers easy access to local amenities and a strong consumer base. The asking price is $400,000. This is a rare opportunity to acquire a strategically positioned commercial lot in a thriving area. Additional acreage is available for expansion, providing flexibility for larger-scale projects. This prime location and high traffic volume make this property ideal for a variety of commercial uses. Don't miss this chance to secure a piece of Washington's vibrant commercial landscape.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1963
Total area 480 SF
Lot 1.41 ac (61,420 SF)
APN 02-02-22-204-005
UPID US28-1088524

Cap rate & NOI

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

Location

1331 Washington Rd Washington, IL 61571
Washington metro Census 22200 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$85k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2021
Last sale
$100,000
2 recorded transactions
2021
$100,000
2015
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message