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    Property profile & analytics

    1275 Peoria St, Unit 1299 Washington, IL 61571-2352

    • Strip malls
    • 16,000 SF
    • 1.37 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Last Sale
    May 23, 2024
    Location Intelligence
    Property ID
    US28-0990266
    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

    • Strip malls

    Property Details for 1275 Peoria St

    Year built
    1954
    Lot size
    1.37 lot acres
    Property size
    16,000 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    02-02-22-201-004
    APU
    20222201004

    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
    -89.4273
    Latitude
    40.7037
    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
    $15,757
    $67,240
    $108,330
    $175,570
    -
    $201,720
    $324,990
    $526,710

    Comparable in this City

    • Value Estimation
      $580,000
      11,118 SF

      1101 Peoria St

      SHOPPING CENTER, STRIP CENTER • 11,118 SF
      1101 Peoria St, Washington, IL 61571-2350
      View Details
    • Value Estimation by Request
      14,490 SF

      1217 Peoria St, Unit 1255

      SHOPPING CENTER, STRIP CENTER • 14,490 SF
      1217 Peoria St, Washington, IL 61571-2352
      View Details
    • Value Estimation
      $765,000
      50,806 SF

      1 Washington Plz

      SHOPPING CENTER, STRIP CENTER • 50,806 SF
      1 Washington Plz, Washington, IL 61571
      View Details
    • Value Estimation by Request
      8,480 SF

      1405-1419 Washington Rd

      Lifestyle centers • 8,480 SF
      1405-1419 Washington Rd, Washington, IL 61571
      View Details
    • Value Estimation by Request

      1300 Washington St

      Lifestyle centers
      1300 Washington St, Washington, IL 61571
      View Details
    • Value Estimation
      $580,000
      15,900 SF

      1880 Washington Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 15,900 SF
      1880 Washington Rd, Washington, IL 61571-2114
      View Details

    Similar Nearby for Sale

    • $850,000

      Prime Washington Retail Land

      High-traffic retail lot, excellent investment.
      1300 Washington St, Washington, IL 61571
      View Details
    • $260,000
      12,096 SF

      Retail/Warehouse Building in Washington Corridor

      Two-story retail/warehouse with additional A-Frame warehouse and ample parking.
      2449 Washington Rd, Washington, IL 61571
      View Details
    • New
      $5,250,000
      10,510 SF

      Mixed-Use Investment Opportunity in Illinois

      Multifaceted hub with restaurant, brew pub, rooftop bar, and Airbnb units.
      140 Washington Sq, Washington, IL 61571
      View Details
    • $60,000
      0.50 Acres

      Prime Washington, IL Commercial Land

      0.5-Acre Lot, High Visibility, B-3 Zoning
      102 Esser St, Washington, IL 61571
      View Details
    • $198,634
      1.14 Acres

      Prime East Peoria Commercial Land

      1.14-acre B-1 zoned lot, ready to build.
      0 Eastgate Dr, East Peoria, IL 61571
      View Details
    • $156,816
      0.90 Acres

      Prime Washington, IL Commercial Lot

      High-visibility Route 24 development site.
      1010 Eastgate Dr, Washington, IL 61571
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      12,600 SF

      Retail Suites in Cherry Tree Center

      Retail suites available in busy Washington, IL shopping center.
      6-64 Cherry Tree Shopping Ctr, Washington, IL 61571
      View Details
    • $15 SF/Yr
      4,060 SF

      Retail Space Near Walmart

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

      Prime Washington Retail Space

      14,000 SF Strip Center, 2 Suites Available
      1960 Freedom Pkwy, Washington, IL 61571
      View Details
    • $8 SF/Yr
      100,675 SF

      Cherry Tree Shopping Center Retail Space

      High-traffic retail space, multiple suites available.
      0 Cherry Tree Shopping Ctr, Washington, IL 61571
      View Details
    • $14 SF/Yr
      8,916 SF

      Class A Office Building, Washington, IL

      8,916 sq ft, 1.84 acres, NNN lease
      90 Eastgate Dr, Washington, IL 61571
      View Details
    • Contact for pricing

      Prime Washington, IL Commercial Land

      Outlots & acreage for lease/sale
      0 Mc Clugage Rd, Washington, IL 61571
      View Details
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    1275 Peoria St, Unit 1299
    Washington, IL 61571-2352
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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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