$245,000

305 Peoria St, Washington, IL 61571
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The property is a freestanding restaurant building located at 305 Peoria Street in Washington, Illinois, built in 2004. It contains approximately 1,516 square feet and is configured for food-service use. The site includes an outdoor patio and spans two parcels, along with an on-site parking area that supports customer access. The building is located in a commercially zoned area and is set up as a standalone restaurant facility, with an interior restaurant layout that can support a new dining concept without requiring a ground-up buildout.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?

$6k

Tax billed · 2023

Assessed value$72k

Assessed land$7k

Assessed improvement$65k

Effective rate8.55%

Value estimate

· Oct 2026

$245k

$221k – $270k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$71/SF

County average, outlier-cleaned · 50 recorded sales of this use type

Observed band · Q1–Q3$37 – $128

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTAZEWELL

Location intelligence

Which uses thrive at this corner?

Best fit: Dental Office

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Dental Office11.4

HVAC Service10.0

Law Firm9.9

305 Peoria St Washington, IL 61571

County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby

Address Sale price Sold Size

120 Main, Washington, IL 61571-2550 $198,000 Jan 2025 1,620 SF

123 Washington, Washington, IL 61571-2632 $380,000 Sep 2024 2,250 SF

121 Main, Washington, IL 61571-2549 $300,500 May 2024 1,134 SF

2459 Washington, Washington, IL 61571-1761 $180,000 Feb 2023 1,600 SF

809 Peoria, Washington, IL 61571-2434 $465,000 Jan 2023 1,984 SF

126 Walnut, Washington, IL 61571-2646 $140,000 Nov 2022 1,184 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$240,000

1,378 SF

208 Muller Rd

GYM, HEALTH SPA

208 Muller Rd, Washington, IL 61571-2345

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Value Estimation
$140,000

2,045 SF

2305 Washington Rd

RESTAURANT

2305 Washington Rd, Washington, IL 61571-1859

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Value Estimation
$315,000

2,640 SF

1110 Peoria St

FINANCIAL BUILDING

1110 Peoria St, Washington, IL 61571-2351

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Value Estimation by Request
784 SF

2119 Washington Rd

RETAIL STORES (PERSONAL SERVICES)

2119 Washington Rd, Washington, IL 61571-1904

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Value Estimation
$370,000

3,501 SF

1996 Freedom Pkwy

FINANCIAL BUILDING

1996 Freedom Pkwy, Washington, IL 61571-9468

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Value Estimation
$100,000

4,228 SF

201 Smt Dr

RESTAURANT

201 Smt Dr, Washington, IL 61571-3264

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Similar Nearby for Lease

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Brand-new development offers an 800 SF office/retail suite with ample parking, handicap accessibility, and available signage.

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305 Peoria St Washington, IL 61571

Property summary