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    Property profile & analytics

    121 Main St Washington, IL 61571-2549

    • Retail space
    • 1,134 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Last Sale
    May 15, 2024
    $300,500
    Location Intelligence
    Property ID
    US28-1254547
    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

    • Retail space

    Property Details for 121 Main St

    Year built
    1910
    Lot size
    0.03 lot acres
    Property size
    1,134 SF
    Property type
    Retail space
    APN
    02-02-24-100-008
    APU
    20224100008

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.4067
    Latitude
    40.7042
    CBSA code
    37900
    CBSA name
    PEORIA, IL METROPOLITAN 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
    $2,083
    $5,820
    $18,540
    $24,360
    -
    $17,460
    $55,620
    $73,080

    Comparable in this City

    • Value Estimation by Request
      2,378 SF

      703 Peoria St, Unit A-C

      RETAIL STORES (PERSONAL SERVICES) • 2,378 SF
      703 Peoria St, Washington, IL 61571-2478
      View Details
    • Value Estimation by Request

      1906 Canterbury Dr

      Individual retail properties
      1906 Canterbury Dr, Washington, IL 61571
      View Details
    • Value Estimation by Request
      6,000 SF

      825 School St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      825 School St, Washington, IL 61571-3348
      View Details
    • Value Estimation
      $200,000
      4,025 SF

      106 Washington Sq, Unit 110

      RETAIL STORES (PERSONAL SERVICES) • 4,025 SF
      106 Washington Sq, Washington, IL 61571
      View Details
    • Value Estimation
      $240,000
      2,448 SF

      208 Wood St

      RETAIL STORES (PERSONAL SERVICES) • 2,448 SF
      208 Wood St, Washington, IL 61571-2576
      View Details
    • Value Estimation
      $495,000
      5,472 SF

      108 112th N Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,472 SF
      108 112th N Main St, Washington, IL 61571
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $15 SF/Yr
      4,060 SF

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      Retail space available in multi-tenant strip center.
      1960-1970 Freedom Pkwy, Washington, IL 61571
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    • $12 SF/Yr
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      Retail suites available in busy Washington, IL shopping center.
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    • $8 SF/Yr
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    • $12 SF/Yr
      14,000 SF

      Prime Washington Retail Space

      14,000 SF Strip Center, 2 Suites Available
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    • $14 SF/Yr
      8,916 SF

      Class A Office Building, Washington, IL

      8,916 sq ft, 1.84 acres, NNN lease
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    • Contact for pricing

      Prime Washington, IL Commercial Land

      Outlots & acreage for lease/sale
      0 Mcclugage Rd, Washington, IL 61571
      View Details
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    121 Main St
    Washington, IL 61571-2549
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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