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Property profile & analytics

401 Peoria St Washington, IL 61571

  • Warehouses
  • 4,184 SF
  • 0.22 lot acres
Value Estimation
Last Sale
Oct 23, 2020
$225,000
Location Intelligence
Property ID
US28-1871802
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

  • 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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

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
$2,053
$9,130
$14,890
$24,020
-
$27,390
$44,670
$72,060
More about this property
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