1503 Washington Rd, Washington, IL 61571-2261
This exceptional 27,500-square-foot commercial property, located at 1503 Washington Road in Washington, Illinois (zip code 61571), presents a unique opportunity for businesses seeking a versatile space. The property boasts a desirable blend of retail and industrial features, ideal for a variety of uses. The building features a prominent storefront on Washington Road, showcasing floor-to-ceiling windows for optimal visibility and attracting customer attention. The rear of the building offers dual semi-truck loading docks, ensuring efficient loading and unloading operations. Inside, the warehouse area provides an open floor plan with a generous 12-foot ceiling clearance, maximizing storage and operational space. The property also includes updated HVAC systems for climate control and ample power to accommodate various business needs. For employee and customer convenience, the building is equipped with ADA-compliant restrooms, separate for employees and customers. This single-tenant property is situated in Tazewell County and represents a significant opportunity within a thriving commercial area. The combination of prime location, modern amenities, and versatile space makes this property an attractive investment. Contact us today to schedule a viewing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.