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Mixed-Use Property with Loft Apartment
New
For Lease
$3,000/Mo

113 E Washington St # 115, East Peoria, IL 61611

Two-level property combines street-facing commercial space, an upper loft residence, and owner-user flexibility.

Space Size3,570 SF
Property Size6,090 SF
Days on Market5

Property Features for 113 E Washington St # 115

General Information

Standard status Active
Size 3,570 SF
Class C
Property subtype Retail - Street Retail

Space & Availability

Contiguous Space 3,570 SF
Divisible Yes

Amenities

Hardwood floors
Tall ceilings
Multiple private rooms/offices
Existing plumbing infrastructure from previous salon use
Large street-facing display windows
Two independent entrances / rear access

Building Details

Building Size 6,090 SF
Year Built 1920
Units 2

Spaces For Lease

at 113 E Washington St # 115 Contact us

First Floor

Size
3,570 SF
Type
Retail
Lease Type
Full Service
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: Joseph & Camper Commercial
Listed By: Will Hayes · License #475122056
Source: Commercialcafe
Added: Sep 21 Changed: Sep 22 Last Checked: Sep 24 at 6:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joseph & Camper Commercial

Investment Insights

Based on property information with market context.

This 1920 mixed-use property combines approximately 3,570 SF of street-level commercial space with an approximately 2,520 SF loft apartment above. The commercial level may be configured as two separate suites and includes large display windows, two independent entrances, rear access, hardwood floors, tall ceilings, and multiple private rooms or offices. Existing plumbing infrastructure remains from a prior salon use. The upper residence has character-filled loft finishes with potential for 4 bedrooms and 2 bathrooms.

The property is located at 113 E Washington St in East Peoria, directly across from Kroger with visibility along Washington Street. The Levee District, a major retail destination with Target, Costco, Ross, Best Buy, Boot Barn, restaurants, and services, is approximately 0.5 mile away. The layout supports an owner-user arrangement with commercial occupancy below and residential use above.

Key Highlights

  • Approximately 3,570 SF of street‑level commercial space
  • Approximately 2,520 SF upper‑level loft apartment
  • Commercial area may be divided into two separate units

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Home Appliance Store Plumbing Service Pet Grooming Service Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.51 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

636
Businesses Nearby

Demographics for 61611, IL

23,837
Population
11,207
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
41.0 sq mi
ZIP Area
581
Density / Sq Mi
$76,329
Median Household Income
$44,586
Median Earnings
$942
Median Rent
$162,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines street-facing commercial space, an upper loft residence, and owner-user flexibility.
Where is this mixed-use property located?
The property is located at 113 E Washington St # 115 East Peoria, IL.
What is the lease rate?
The lease rate is $3,000/Mo.
What are key features of this property?
This property features: Approximately 3,570 SF of street‑level commercial space; Approximately 2,520 SF upper‑level loft apartment; Commercial area may be divided into two separate units
More about this property
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