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    FOR SALE
    Warehouses

    401 Peoria St, Washington, IL 61571

    4,184 SF 0.22 ac lot Built 1965
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US28-1871802
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Year built 1965
    Total area 4,184 SF
    Lot 0.22 ac (9,583 SF)
    APN 02-02-23-205-021
    UPID US28-1871802
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    D Blundy Ents LLC · 5 yrs held
    D Blundy Ents LLC
    since 2020
    Last sale
    $225,000
    5 recorded transactions
    2025
    2020
    2013
    $225,000
    1998
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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