105 Muller Rd, Washington, IL 61571-2342
This exceptional commercial property at 105 Muller Road, Washington, IL 61571, presents a unique investment opportunity. Situated on a half-acre lot (APN 02-02-23-101-003) in Tazewell County, this single-tenant building offers 1,926 square feet of flexible space, ideal for a variety of uses. The building, constructed in 1971 and renovated in 2000, is classified as Class C and features a 9-foot ceiling height. The property boasts ample parking, accommodating 8-15 vehicles. Previously utilized for video and sound production, the layout includes multiple offices, storage areas, a reception area, a sound booth, and existing acoustic treatments. The zoning is commercial, allowing for diverse business applications. While the building requires improvements, its substantial size and unique features, including its location encompassing most of a city block, make it a rare find. The property consists of two parcels and offers significant potential for redevelopment or adaptive reuse. This is a chance to acquire a substantial commercial property in a convenient location with considerable upside.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.