1.33 acres for sale in Washington, IL
Land located on Cruger Road just off of N Cummings lane, near Route 24.
A variety of commercial users surround this parcel including healthcare providers, a hotel, restaurants and financial institutions among others.
Property is currently being used for agricultural use but offers an attractive development opportunity.
City Incentive: Northern Tazewell County Enterprise Zone
13,900 CPD on Route 24, 7,850 CPD on Cummings Ln.
SEC 15 T26N R3W MALLARD CROSSING COMMERCIAL PARK LOT 5 (EXC WLY .15 AC & SLY 8 FT) NW 1/4 1.33 AC DDD 1
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
