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    Property profile & analytics

    2390 Washington Rd Washington, IL 61571-1857

    • Commercial real estate
    • 6,000 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Last Sale
    Dec 30, 2024
    $240,000
    Location Intelligence
    Property ID
    US28-2005800
    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

    • Commercial real estate

    Property Details for 2390 Washington Rd

    Year built
    1976
    Lot size
    0.83 lot acres
    Property size
    6,000 SF
    Property type
    Commercial real estate
    APN
    02-02-19-406-020
    APU
    20219406020

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $320,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $375,000
      Geo Method
      $330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $300,000
      Mixed-Use
      $300,000
      Hospitality
      $365,000
      Educational
      $285,000
      Residential Income
      $370,000
      Energy
      $380,000
      Income-Based Land
      $315,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.493
    Latitude
    40.6921
    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
    $7,324
    $32,490
    $40,050
    $72,540
    -
    $97,470
    $120,150
    $217,620

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      206 Main St

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    • Value Estimation by Request

      2445 Washington Rd

      COMMERCIAL (GENERAL)
      2445 Washington Rd, Washington, IL 61571-1761
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    • Value Estimation by Request
      6.15 Acres

      401 Cummings Ln, Unit 443

      COMMERCIAL (GENERAL) • 6.15 Acres
      401 Cummings Ln, Washington, IL 61571-2149
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      7,130 SF

      1986 Freedom Pkwy

      COMMERCIAL (GENERAL) • 7,130 SF
      1986 Freedom Pkwy, Washington, IL 61571-9468
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    • Value Estimation by Request
      560 SF

      1114 Trl End

      COMMERCIAL (GENERAL) • 560 SF
      1114 Trl End, Washington, IL 61571
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    • Value Estimation by Request
      3,600 SF

      2136 Washington Rd

      COMMERCIAL (GENERAL) • 3,600 SF
      2136 Washington Rd, Washington, IL 61571-1954
      View Details

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    2390 Washington Rd
    Washington, IL 61571-1857
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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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