Property profile

2390 Washington Rd Washington, IL 61571

OFF-MARKET
Commercial real estate
Property ID
US28-2005800
6,000 SF 0.83 ac lot Built 1976
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity in Washington, IL, presents a substantial multi-building commercial property at 2390 WASHINGTON Road, encompassing a total of 12,370 square feet. The property includes a 6,000 square foot retail/business building, perfectly suited for a variety of commercial uses, and a 6,370 square foot pole barn, divided into two sections, offering versatile storage or workshop space. Located in Tazewell County, IL, zip code 61571, this property boasts a strategic location with excellent visibility and accessibility. The asking price is $290,000. The property is classified as Land, Industrial, Office, and Retail, and is further categorized as Commercial, Flex, and Warehouse space. This presents a unique chance to acquire a substantial commercial holding with significant income potential, ideal for investors seeking a diversified portfolio or entrepreneurs looking to establish a thriving business. The property's size and diverse building types offer flexibility for a wide range of commercial ventures. The location in Washington, Illinois provides access to a robust local market and convenient transportation links. This is a rare opportunity to acquire a well-positioned, multi-use commercial property with significant upside potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1976
Total area 6,000 SF
Lot 0.83 ac (36,155 SF)
APN 02-02-19-406-020
UPID US28-2005800

Cap rate & NOI

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

Location

2390 Washington Rd Washington, IL 61571-1857
Washington metro Census 21203 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2024
Last sale
$240,000
3 recorded transactions
2024
$240,000
2023
$215,000
2021
$25,000

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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