1405-1419 Washington RdWashington, IL 61571

For Sale
$355,000
Five-unit retail center, high visibility, strong ROI.

Overview

Added:
Feb 3
Days on market:
72
This exceptional five-unit shopping center, boasting 8,480 square feet, presents a compelling investment opportunity in the thriving city of Washington, Illinois. Strategically located on busy Washington Road (BUS 24), this property enjoys unparalleled visibility and high traffic counts, ensuring maximum exposure for your tenants. The center has undergone significant recent renovations, including a complete roof replacement in 2020, updated HVAC systems and furnaces throughout, and new water heaters. Both interior and exterior improvements have been completed, enhancing the aesthetic appeal and functionality of the building. Currently, one main-level unit is vacant, offering the new owner the unique opportunity to occupy the space or secure additional rental income. Financial details are available upon request via a non-disclosure agreement. The property's strong performance is reflected in its over 12% capitalization rate, projected upon filling the vacant unit. This is a rare chance to acquire a well-maintained, high-performing commercial property in a desirable location with significant upside potential. There is no "For Sale" sign currently displayed on the property. Serious inquiries only.

Property Details for 1405-1419 Washington Rd

Property type
Commercial real estate
Square Feet
8,480 SF

Location Insight

City
Washington
County
Tazewell
State
Illinois
Latitude
40.7036
Longitude
-89.43115
1405-1419 Washington Rd, Washington, Illinois

FAQs

What type of property is this?
Commercial real estate - Five-unit retail center, high visibility, strong ROI.
Where is the commercial real estate located?
The property is located at 1405-1419 Washington Rd Washington, IL.
What is the asking price?
The asking price for this property is $355,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1405-1419 Washington Rd
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