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Property profile & analytics

500 Washington St Oregon, IL 61061

  • Commercial real estate
  • 0.35 lot acres
Value Estimation
Last Sale
Apr 02, 2020
$101,000
Location Intelligence
Property ID
US28-2986798
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • United States Postal Service / Post Office / Logistics Service
  • Rock River Car Wash / Car Wash

Property Details for 500 Washington St

Lot size
0.35 lot acres
Property type
Commercial real estate
APN
16-03-282-014
APU
1603282014

Description

This 1,600 square foot auto shop, located at 500 E Washington Street in Oregon, Illinois (zip code 61061), presents a compelling investment opportunity. Situated on the heavily trafficked Route 64, this single-story building boasts excellent visibility and accessibility. The property includes one automatic car wash bay, two manual wash bays, and three high-powered vacuum stations, providing a comprehensive car cleaning service. The 0.351-acre lot offers potential for expansion or further development. The property is zoned Commercial (Commr) and is currently operating as a turnkey business, presenting immediate income potential. Features include air conditioning. While the property is being sold as a foreclosure, it is well-maintained and offers significant potential for growth and increased profitability. This is an ideal acquisition for investors seeking a strong return on investment or entrepreneurs looking to establish a thriving business in a high-traffic location. The property is being sold as-is.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Oregon
County
Ogle
State
Illinois
Longitude
-89.3195
Latitude
42.0148
CBSA code
40300
CBSA name
ROCHELLE, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,270
$22,994
$19,840
$42,834
-
$68,982
$59,520
$128,502
More about this property
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