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Financial
Distress signals
Property profile

126 Walnut St Washington, IL 61571

FOR SALE
Turn key restaurants
Property ID
US28-0605134
1,184 SF 0.11 ac lot Built 1964
Last sale Nov 2022 · $140,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 126 Walnut Street in Washington, Illinois is a one-story wedding/event venue constructed in 1917, comprising 1,184 square feet on a 5,000-square-foot lot. The building is located toward the front corner of the site and includes a substantial interior open area suited for hosting special events, with additional outdoor event space supported by the lot configuration. Interior updating is required, and the HVAC system needs repair or replacement. The site is adjacent to the former…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$48k
Assessed land$12k
Assessed improvement$37k
Effective rate8.55%

Value estimate

· Oct 2026
$100k
$90k – $110k
AI approach$105k
NOI build-up
Gross scheduled income$18k
Vacancy & credit loss−$2k
Operating expenses−$5k
NOI · 5.92% cap applied$11k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$71/SF
County average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$37 – $128

Cap rate analysis

How does the asset earn?
5.92%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTAZEWELL

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop10.3
Dental Office10.0
Auto Parts Store9.9

Location

126 Walnut St Washington, IL 61571
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
120 Main, Washington, IL 61571-2550 $198,000 Jan 2025 1,620 SF
121 Main, Washington, IL 61571-2549 $300,500 May 2024 1,134 SF
117 Main, Washington, IL 61571-2570 $300,500 May 2024 1,000 SF
2459 Washington, Washington, IL 61571-1761 $180,000 Feb 2023 1,600 SF
809 Peoria, Washington, IL 61571-2434 $465,000 Jan 2023 1,984 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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