1010 Eastgate DrWashington, IL 61571

Property Details for 1010 Eastgate Dr

Year built

2014

Lot size

0.98 AC

Property size (Sq ft)

8,916 SF

Property type

Retail space

APN

01-01-13-201-020

APU

10113201020

Description

This exceptional 0.9-acre commercial lot, located at 1010 Eastgate Drive Unit 101 & 10 in Washington, Illinois, presents a unique opportunity for developers. Boasting a highly desirable B-3 zoning classification, this parcel is primed for immediate development. Its strategic location on Route 24/Boyd Parkway ensures unparalleled visibility and high traffic counts, guaranteeing significant exposure for any future business. The level topography simplifies construction, minimizing site preparation costs and accelerating project timelines. This property offers substantial potential for a wide range of commercial ventures, from retail establishments and restaurants to office spaces and light industrial uses. The expansive acreage provides ample space for building design and potential future expansion. Given its prime location, zoning, and readily developable nature, this lot represents a compelling investment opportunity with significant return potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $156,816. Don't miss this chance to secure a prominent location in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,366,538

  6.5%

  $2,184,496

  7%

  $2,028,461

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,281,056

  Geo Method

  $2,926,499

• Alternative Use

  Use

  Valuation

  Residential

  $1,842,704

  Hospitality

  $1,687,907

  Educational

  $1,404,319

  Medical

  $1,452,616

  Retail

  $2,184,496

Location Insight

City

Washington

County

Tazewell

State

Illinois

Latitude

40.7168

Longitude

-89.5051

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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