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    Property profile & analytics

    496 Washington St East Peoria, IL 61611-2445

    • Drive through restaurants
    • 4,404 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimation
    $3,355,000
    Last Sale
    Aug 21, 2020
    $3,500,000
    Location Intelligence
    Property ID
    US28-3975060
    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

    • Drive through restaurants

    Property Details for 496 Washington St

    Year built
    2020
    Lot size
    0.80 lot acres
    Property size
    4,404 SF
    Property type
    Drive through restaurants
    APN
    01-01-32-205-009
    APU
    10132205009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,205,000
      6.5%
      $3,210,000
      7%
      $3,365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,790,000
      Geo Method
      $3,160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,935,000
      Retail
      $3,415,000
      Mixed-Use
      $2,875,000
      Hospitality
      $3,680,000
      Educational
      $3,250,000
      Residential Income
      $3,925,000
      Energy
      $3,460,000
      Income-Based Land
      $3,105,000
      Food Service
      $3,250,000

    Location Insight

    • Map
    • Local Demand
    City
    East Peoria
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.5856
    Latitude
    40.6723
    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
    $124,800
    $71,090
    $1,218,100
    $1,289,190
    -
    $213,270
    $3,654,300
    $3,867,570

    Comparable in this City

    • Value Estimation
      $680,000
      1.06 Acres

      212 Veterans Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.06 Acres
      212 Veterans Dr, East Peoria, IL 61611-2711
      View Details
    • Value Estimation
      $265,000
      1,500 SF

      245 Farmdale Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,500 SF
      245 Farmdale Rd, East Peoria, IL 61611-3088
      View Details
    • Value Estimation
      $415,000
      1.10 Acres

      2601 Washington St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.10 Acres
      2601 Washington St, East Peoria, IL 61611-1865
      View Details
    • Value Estimation by Request
      1.04 Acres

      200 Veterans Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.04 Acres
      200 Veterans Dr, East Peoria, IL 61611-2711
      View Details
    • Value Estimation
      $3,555,000
      8,928 SF

      124 Spinder Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 8,928 SF
      124 Spinder Dr, East Peoria, IL 61611-1106
      View Details
    • Value Estimation
      $425,000
      2,265 SF

      103 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,265 SF
      103 Main St, East Peoria, IL 61611-2543
      View Details

    Similar Nearby for Sale

    • $1,250,000
      6,932 SF

      East Peoria Restaurant - $1.25M

      Turnkey Restaurant, High Traffic Location
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    • $159,900

      Spring Bay Restaurant & Land

      Turnkey Restaurant Business for Sale
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    • $5,600,000
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      Modern Car Wash Investment Opportunity

      East Peoria car wash property with strong tenant and location.
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    • $350,000
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      Downtown Peoria Multi-Use Commercial Property

      Multi-use commercial property with restaurant in downtown Peoria.
      313 Main St, Peoria, IL 61611
      View Details
    • $399,900
      10,894 SF

      East Peoria Multi-Use Property

      Multi-unit property with retail, gym, apartment, and storage.
      1101 E Washington St, East Peoria, IL 61611
      View Details
    • $888,624
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      Prime East Peoria Commercial Land

      2.55 Acres, Redevelopment Opportunity
      116 Spring Bay Rd, East Peoria, IL 61611
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    Similar Nearby for Lease

    • $12 SF/Yr
      32,094 SF

      East Peoria Commercial Spaces

      High-visibility retail/office suites.
      2400-2519 Main St, East Peoria, IL 61611
      View Details
    • $12 SF/Yr
      86,224 SF

      Fondulac Plaza Retail Center

      East Peoria Shopping Center - Spaces Available
      2400 Washington St, East Peoria, IL 61611
      View Details
    • $24 SF/Yr
      2,175 SF

      Prime East Peoria Retail Space

      2,175 sq ft Retail/Office in Levee District
      314 Washington St, East Peoria, IL 61611
      View Details
    • Contact for pricing
      9,000 SF

      Retail/Office Space For Lease

      1,160 SF retail/office space available for lease.
      100 W Spring Creek Rd, East Peoria, IL 61611
      View Details
    • $22 SF/Yr
      6,320 SF

      Prime East Peoria Commercial Land

      6,320 sq ft, Single Tenant, Class A
      314 Washington St, East Peoria, IL 61611
      View Details
    • $15 SF/Yr
      11,880 SF

      Prime East Peoria Retail Space

      2,925 SF Single-Tenant Retail Opportunity
      222 Camp St, East Peoria, IL 61611
      View Details

    Property Visit Statistics

    • Visits by month
      33.5k
    • Visitors by month
      23.6k
    • Avg Time on site
      22 min
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    496 Washington St
    East Peoria, IL 61611-2445
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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