New search
Property profile & analytics
FOR SALE
Turn key restaurants
126 Walnut St, Washington, IL 61571
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-0605134
For Sale
1 / 18
$189,000
126 Walnut St, Washington, IL 61571
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1964
Total area
1,184 SF
Lot
0.11 ac (4,792 SF)
APN
02-02-24-108-020
UPID
US28-0605134
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Grist Mill Ventures LLC · 3 yrs held
Grist Mill Ventures LLC
since 2022
Last sale
$140,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,144
Tax year 2023
Assessed value
$48,470
Assessed 2023
Previous assessed
$48,470
+0.0% YoY
Effective rate
8.55%
On assessed value
Assessed land
$11,600
Assessed improvement
$36,870
Land market value
$34,800
Improvement market value
$110,610
Total market value
$145,410
Applied tax rate
2,038.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1964
Heating
NONE
Stories
1
Total area
1,184 SF
Lot
0.11 ac (4,792 SF)
APN
02-02-24-108-020
UPID
US28-0605134
Jurisdiction
TAZEWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Grist Mill Ventures LLC
Entity
Mailing address
315 5TH ST, PERU, IL 61354-2859
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
—
Grist Mill Ventures LLC
—
Deed
related
$4,834,000 · Heartland Bank & Trust Co
Nov 2, 2022
$140,000
Grist Mill Ventures LLC
Prep Freeze Cook LLC
Limited Warranty Deed
$105,000 · Heartland Bank & Trust Co
Jun 2, 2020
—
Prep Freeze Cook LLC
—
Deed
related
$104,599 · Morton Community Bank
Sep 6, 2018
—
Prep Freeze Cook LLC
—
Deed
related
$22,000 · Morton Community Bank
Jun 28, 2016
$125,000
Prep Freeze Cook LLC
Leri S Slonneger
Warranty Deed
—
Jan 31, 2014
—
Leri S Slonneger
Slonneger,charles B
Affidavit Of Death
—
Nov 17, 1998
$89,000
Charles B Slonneger
Levy,steven S & Ellen S
Grant Deed
$66,750 · Bankplus Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
