401 Peoria St Washington, IL 61571
- Warehouses
- 4,184 SF
- 0.22 lot acres
Current Use by Public Records
- Warehouses
Property Details for 401 Peoria St
- Year built
- 1965
- Lot size
- 0.22 lot acres
- Property size
- 4,184 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 02-02-23-205-021
- APU
- 20223205021
Description
This exceptional 8,424 square foot multi-use property in Washington, Illinois presents a remarkable investment opportunity. Located at 401 PEORIA Street, 61571, this single-tenant building boasts a versatile layout ideal for a variety of commercial uses. The property features a substantial warehouse component totaling over 4,536 square feet, including two-story vehicle bays, ample open space, and convenient access via a 14x14 overhead door. Three-phase 200-amp electrical service ensures efficient operation. A recorded easement provides access to the west-side dock and doors. The office space, exceeding 6,000 square feet, is spread across two levels, offering a mix of private offices, open work areas, a conference room, and a break room. The building's design is thoughtfully arranged, with large open office space at the front, private offices in the middle, and the warehouse and docks at the rear. Convenient parking is available on the west side of the building. The property's zoning is Commercial, and it sits on a single lot (APN: 02-02-23-205-017). The building includes 15 parking spaces. The unique combination of warehouse and office space, along with its strategic location and functional design, makes this property an attractive option for businesses seeking a versatile and efficient workspace. This is a rare opportunity to acquire a well-maintained, multi-use building in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $195,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $185,000
- Geo Method
- $225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $180,000
- Retail
- $190,000
- Mixed-Use
- $225,000
- Hospitality
- $215,000
- Educational
- $185,000
- Residential Income
- $195,000
- Energy
- $215,000
- Income-Based Land
- $185,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.4121
- Latitude
- 40.7036
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA