Property profile

1860 W Cruger Rd Washington, IL 61571

FOR SALE
Commercial land
Property ID
US28-3928662
1.33 ac lot
Entity Owned 4-yr Hold Free & Clear
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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

Location

1860 W Cruger Rd Washington, IL 61571
Washington metro Census 22300 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$120k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$135k

Owner & transaction history

since 2022
Last sale
$150,000
2 recorded transactions
2022
$150,000
2019
$175,000

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
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More about this property
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