1405-1419 WASHINGTON Road Washington, IL 61571

For Sale
1405-1419 WASHINGTON Road
Washington, IL 61571
Price: $370,000
Type: Commercial Sale Commercial
Lot Size (Acres): 0.4
Agent: Jessica Ball
Agent Phone: 309-363-2929
Agent Email: JessicaBall@remax.net
Broker: RE/MAX Traders Unlimited

Highly visible, 8-unit shopping center located on Washington Road (BUS24). 6 units are currently leased, grossing $44,700 rents per year. Opportunities for new owner to occupy units, or to increase gross income by $1050 per month with the additional rents. Current CAP rate is 9.23%, and fully rented, it would be approximately 12.64%. The building has been recently remodeled in 2020 with new roof tear off, and exterior and interior remodels. NDA for financials, no “For Sale” sign currently on the property.