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    OFF-MARKET
    Banks

    300 Washington St, East Peoria, IL 61611-2633

    5,885 SF 0.3 ac lot Built 1964
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US28-1272202
    Property summary
    AI-generated overview

    This exceptional commercial property located at 300 E WASHINGTON Street, East Peoria, IL 61611, presents a unique investment opportunity. The property consists of a 795 square foot single-tenant office building situated on commercially zoned land. The property's APN is 01-01-33-317-011. Its ideal location in East Peoria offers excellent visibility and accessibility. The single-tenant occupancy simplifies management and provides a stable income stream. The zoning designation is Commercial, allowing for a variety of potential uses. This property is perfect for an owner-occupier seeking a convenient and functional workspace or an investor looking for a low-maintenance, income-generating asset. The building's single-suite configuration minimizes management complexities. The property's geographic coordinates are latitude 40.6636223 and longitude -89.5753184. This is a rare opportunity to acquire a well-situated commercial property in a thriving Illinois market. Serious inquiries are encouraged to explore the potential of this valuable asset. The property type is classified as Land and Office.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1964
    Total area 5,885 SF
    Lot 0.3 ac (13,068 SF)
    APN 01-01-33-317-011
    UPID US28-1272202
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Michael Graham Properties LLC · 10 yrs held
    Michael Graham Properties LLC
    since 2016
    4 recorded transactions
    2020
    2019
    2017
    2016
    $495,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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