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    Property profile & analytics
    FOR SALE
    Commercial land

    1331 Washington Rd, Washington, IL 61571

    480 SF 1.41 ac lot Built 1963
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US28-1088524
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Multiple Ventures Enterprises LLC · 4 yrs held
    Multiple Ventures Enterprises LLC
    since 2021
    Last sale
    $100,000
    2 recorded transactions
    2021
    $100,000
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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