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    Property profile & analytics
    FOR SALE
    Commercial land

    1860 W Cruger Rd, Washington, IL 61571

    1.33 ac lot
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US28-3928662
    Property summary
    AI-generated overview

    This exceptional commercial property at 1860 W Cruger Road in Washington, Illinois, offers a variety of flexible warehouse and industrial spaces. The property consists of one building totaling 8,640 square feet, situated on a parcel with APN 02-02-15-101-070 and zoned C-2. Currently, one 1,440-square-foot unit is immediately available for lease, featuring a 16-foot ceiling height, oversized garage door, man door, floor drains, and an overhead heater. All utilities (water, sewer, electric, and gas) are included in the gross monthly lease rate of $1,500. Additionally, two larger 2,880-square-foot units are under construction and will be ready for occupancy starting August 1, 2024, each leasing for $3,000 per month, all utilities included. This prime location offers convenient access to Route 24, making it an ideal space for various commercial and industrial uses. The property is a brand new build, ensuring modern and efficient facilities. Interested parties are encouraged to express their interest promptly.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.33 ac (57,935 SF)
    APN 02-02-15-101-067
    UPID US28-3928662
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ricketts Properties LLC · 4 yrs held
    Ricketts Properties LLC
    since 2022
    Last sale
    $150,000
    2 recorded transactions
    2022
    $150,000
    2019
    $175,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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