Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    1405-1419 Washington Rd, Washington, IL 61571

    8,480 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional five-unit shopping center, boasting 8,480 square feet, presents a compelling investment opportunity in the thriving city of Washington, Illinois. Strategically located on busy Washington Road (BUS 24), this property enjoys unparalleled visibility and high traffic counts, ensuring maximum exposure for your tenants. The center has undergone significant recent renovations, including a complete roof replacement in 2020, updated HVAC systems and furnaces throughout, and new water heaters. Both interior and exterior improvements have been completed, enhancing the aesthetic appeal and functionality of the building. Currently, one main-level unit is vacant, offering the new owner the unique opportunity to occupy the space or secure additional rental income. Financial details are available upon request via a non-disclosure agreement. The property's strong performance is reflected in its over 12% capitalization rate, projected upon filling the vacant unit. This is a rare chance to acquire a well-maintained, high-performing commercial property in a desirable location with significant upside potential. There is no "For Sale" sign currently displayed on the property. Serious inquiries only.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 8,480 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1405-1419 Washington Rd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message