Property profile

1503 Washington Rd Washington, IL 61571

OFF-MARKET
Commercial real estate
Property ID
US28-2249454
4,500 SF 0.96 ac lot Built 1988
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Total area 4,500 SF
Lot 0.96 ac (41,818 SF)
APN 02-02-22-204-026
UPID US28-2249454

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1503 Washington Rd Washington, IL 61571-2261
Washington metro Census 22200 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2025
Last sale
$365,000
3 recorded transactions
2025
$365,000
2019
Price N/A
2018
$778,427

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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