300 Washington StEast Peoria, IL 61611

Property Details for 300 Washington St

Year built

1964

Lot size

0.30 AC

Property size (Sq ft)

5,885 SF

Property type

Banks

APN

01-01-33-317-011

APU

10133317011

Description

This exceptional commercial property located at 300 E WASHINGTON Street, East Peoria, IL 61611, presents a unique investment opportunity. The property consists of a 795 square foot single-tenant office building situated on commercially zoned land. The property's APN is 01-01-33-317-011. Its ideal location in East Peoria offers excellent visibility and accessibility. The single-tenant occupancy simplifies management and provides a stable income stream. The zoning designation is Commercial, allowing for a variety of potential uses. This property is perfect for an owner-occupier seeking a convenient and functional workspace or an investor looking for a low-maintenance, income-generating asset. The building's single-suite configuration minimizes management complexities. The property's geographic coordinates are latitude 40.6636223 and longitude -89.5753184. This is a rare opportunity to acquire a well-situated commercial property in a thriving Illinois market. Serious inquiries are encouraged to explore the potential of this valuable asset. The property type is classified as Land and Office.

• CAP approach

  CAP return

  Valuation

  6%

  $1,562,032

  6.5%

  $1,441,875

  7%

  $1,338,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,505,609

  Geo Method

  $1,156,162

• Alternative Use

  Use

  Valuation

  Residential

  $1,216,276

  Hospitality

  $1,114,102

  Educational

  $926,920

  Medical

  $958,798

  Retail

  $1,441,875

Location Insight

City

East Peoria

County

Tazewell

State

Illinois

Latitude

40.6635

Longitude

-89.5754

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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