701 N Cummings Ln, Washington, IL 61571
For Sale
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This exceptional 1.45-acre commercial lot presents a remarkable opportunity for developers and investors. Located at 701 N Cummings Lane in Washington, Illinois, this property boasts a highly desirable location, situated between the thriving Barry Business Center – home to established businesses such as Blue Margarita, Shear Creations, and StarCrest – and a picturesque pond. The strategic positioning ensures excellent visibility and accessibility for any commercial venture. The lot's size offers ample space for the construction of a strip mall, restaurant, or other commercial buildings, catering to a diverse range of business needs. The presence of a nearby hotel further enhances the property's appeal, providing a convenient amenity for potential customers and employees. This prime location offers significant potential for growth and return on investment, making it an ideal opportunity for those seeking to establish a successful commercial enterprise in a vibrant and growing community. The property is offered at $225,000 and is ready for immediate development. Utilities are available, and zoning information can be provided upon request. Don't miss this chance to secure a highly visible and strategically located commercial lot in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.