Mixed-Use Property with Pylon
For Sale
Contact for pricing
1405 Washington Rd, Washington, IL 61571
Remodeled exterior with divisible commercial space and multiple office-oriented lower-level suites.
Property SizeContact for details
Days on Market142
Property Features for 1405 Washington Rd
General Information
Standard status
Active
Property subtype
Retail, Office, Mixed Use
Occupancy
50%
Site & Location
Pylon Signage
Yes
Traffic Count
17,400 vehicles/day
Additional Details
Cap Rate
5.41%
Amenities
overhead lit sign
pylon sign placement
Building Details
Tenancy
Multi
Listing Agency:
Joseph & Camper Commercial
Listed By:
Steven Reeves · License #IL 475.190510
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 29 at 6:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joseph & Camper Commercial
Investment Insights
Based on property information with market context.
This mixed-use property combines a recently remodeled exterior with flexible commercial areas. The former upholstery space contains approximately 2,100 square feet and can be divided for separate occupancy. Lower-level improvements include a yoga studio, a private office, and a three-room office suite. Dedicated signage includes an illuminated overhead sign and pylon placement serving the tenants.
The property fronts Washington Road, with reported traffic of 17,400 CPD. It is currently 50% leased and carries a 5.41% cap rate. At market rents and full occupancy, the stated cap rate is 17.91%.
The property fronts Washington Road, with reported traffic of 17,400 CPD. It is currently 50% leased and carries a 5.41% cap rate. At market rents and full occupancy, the stated cap rate is 17.91%.
Key Highlights
- Approximately 2,100 square feet of divisible commercial space
- Recently remodeled exterior
- Illuminated overhead sign and pylon signage for tenants
Property Analytics
Property Profile
Current Use
Lease Details
17,400 VPD
Traffic count
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 61571, IL
24,766
Population
10,273
Households
2.4
Avg Household Size
40
Median Age
38%
College-Educated
98%
High-School Grad
53.5 sq mi
ZIP Area
463
Density / Sq Mi
$87,852
Median Household Income
$48,329
Median Earnings
$996
Median Rent
$200,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled exterior with divisible commercial space and multiple office-oriented lower-level suites.
Where is this mixed-use property located?
The property is located at 1405 Washington Rd Washington, IL.
What are key features of this property?
This property features: Approximately 2,100 square feet of divisible commercial space; Recently remodeled exterior; Illuminated overhead sign and pylon signage for tenants
