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    122 Main St Washington, IL 61571

    Sponsored
    For Sale
    $280,000

    Prime location, versatile space, updated storefront.

    Property size:
    3,861 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 3,861 square foot commercial property at 122 N Main Street in Washington, IL, presents a unique investment opportunity. Originally a bowling alley, this building boasts a rich history and retains many of its original features, including the remarkably well-preserved bowling alley floor and an original fire door. Currently operating as a spirit wear store, the property's adaptability makes it suitable for a wide range of commercial uses. The building features two separate 200-amp electrical services, ensuring ample power for any business. Heating is provided by two furnaces

    Property Features for 122 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,861 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.4073
    Latitude
    40.70405

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, versatile space, updated storefront.
    Where is this commercial real estate located?
    The property is located at 122 Main St Washington, IL.
    What is the asking price?
    The asking price for this property is $280,000.
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    122 Main St Washington, IL 61571
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    Washington, IL 61571
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    122 Main St Washington, IL 61571
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