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    OFF-MARKET
    Commercial real estate

    105 Muller Rd, Washington, IL 61571-2342

    1,926 SF 0.14 ac lot Built 1971
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US28-1804402
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1971
    Total area 1,926 SF
    Lot 0.14 ac (6,098 SF)
    APN 02-02-23-101-003
    UPID US28-1804402
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Signature Property Investments LLC · 3 yrs held
    Signature Property Investments LLC
    since 2022
    Last sale
    $55,000
    7 recorded transactions
    2024
    2022
    $55,000
    2007
    2000
    2000
    $88,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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