Property profile

300 Washington St East Peoria, IL 61611

OFF-MARKET
Banks
Property ID
US28-1272202
5,885 SF 0.3 ac lot Built 1964
Entity Owned 10-yr Hold ~ Est. High Equity
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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

Location

300 Washington St East Peoria, IL 61611-2633
East Peoria metro Census 20302 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2016
4 recorded transactions
2020
Price N/A
2019
Price N/A
2017
Price N/A
2016
$495,000

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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