501 Washington StEast Peoria, IL 61611

  • Commercial real estate
  • 0.10 AC
For Lease
$25/SF/YR View listing

Property Details for 501 Washington St

Year built
1982
Lot size
0.10 AC
Property type
Commercial real estate
APN
01-01-32-202-003
APU
10132202003

Description

This exceptional 40,000 square foot retail property is located at 501 W Washington Street in East Peoria, Illinois, zip code 61611, within Tazewell County. The single-tenant building offers a versatile layout ideal for a variety of businesses. The space is well-lit with abundant natural light, creating an inviting atmosphere. Modern amenities contribute to a comfortable and convenient workspace. The flexible floor plan allows for customization to suit diverse business needs. Its prime location ensures high visibility and easy accessibility for customers and employees. Ample public parking is readily available nearby. The property is well-maintained and presents a professional image. Its strategic location provides convenient access to major transportation routes, making it an attractive option for businesses seeking a thriving commercial environment in East Peoria. This property represents a significant opportunity for businesses seeking a prominent location in a growing area. The property is classified as both Retail and Land, and is a shopping center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $900,272
    Hospitality
    $824,644
    Educational
    $686,094
    Medical
    $709,690
    Retail
    $1,067,257

Location Insight

City
East Peoria
County
Tazewell
State
Illinois
Latitude
40.6709
Longitude
-89.5877
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
$469
$2,850
$1,990
$4,840
-
$8,550
$5,970
$14,520

FAQs

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