Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

2337 Washington Rd Washington, IL 61571-1853

  • Car washes
  • 3,600 SF
  • 0.57 lot acres
OFF-MARKET
Last Sale
Oct 15, 2024
$190,000
Value Estimations
$190,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-1594033
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

  • Car washes

Property Details for 2337 Washington Rd

Year built
1965
Lot size
0.57 lot acres
Property size
3,600 SF
Property type
Car washes
APN
02-02-19-416-017
APU
20219416017

Description

This bank-owned, 3,600 square foot car wash in Washington, IL, presents a unique redevelopment opportunity. Located on a 0.57-acre lot at the corner of Washington Road (IL-8) and Briargate Road, this property benefits from high visibility and convenient access. Built in 1965 and renovated in 2018, the structure features a slab foundation, block construction, metal/steel roof, and vinyl veneer exterior. The former car wash included four self-service bays and one automatic wash bay, along with two vacuum systems (currently removed). The property boasts a large parking lot and one curb cut on Washington Road/IL-8, plus two separate ingress/egress points on Briargate Road. Each of the approximately 450 square foot bays could be repurposed as individual storage units. The property's previous gross revenue was $105,000, with a net income of $35,000. Currently closed and without power, the equipment condition is unknown. This property is situated within the Northern Tazewell County Enterprise Zone, offering potential incentives for commercial development. The asking price is $165,000. This presents a compelling opportunity for investors seeking a prime location for redevelopment or repurposing.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $190,000
    ML approach
    $190,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $178,000
    Market price range: $115k - $655k
    AI Estimate
    $133,000
    Market price range: $97.6k - $360k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Washington
County
Tazewell
State
Illinois
Longitude
-89.4865
Latitude
40.6922
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
$4,090
$16,700
$23,810
$40,510
-
$50,100
$71,430
$121,530
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message