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Live-Work Property with Loft
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113 E Washington St, East Peoria, IL 61611

Commercial space offers the potential for two suites, complemented by an upper-level residential loft.

Property Size6,090 SF
Price / SF$49.10
Days on Market3

Property Features for 113 E Washington St

General Information

Standard status Active
Size 6,090 SF
Property subtype RETAIL

Additional Details

Mixed-Use Components retail, residential
Listing Agency: Joseph & Camper Commercial
Listed By: Will Hayes · License #475122056
Source: Moodyscre
Added: Oct 27 Changed: Oct 28 Last Checked: Oct 28 at 3:07PM

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

Rey
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Investment Insights

Based on property information with market context.

This East Peoria property combines commercial space on the ground level with a loft apartment above. The approximately 3,570 SF commercial area has the potential to be divided into two units. Upstairs, the approximately 2,520 SF loft apartment has potential for four bedrooms and two bathrooms.

At 113 E Washington St, the property is directly across from Kroger and approximately 0.5 mile from The Levee District, a retail destination with Target, Costco, Ross, Best Buy, Boot Barn, restaurants, and services.

Key Highlights

  • Approximately 3,570 SF of commercial space, with potential to divide into two units
  • Approximately 2,520 SF upper‑level loft apartment
  • Loft layout has potential for 4 bedrooms and 2 bathrooms

Property Analytics

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Open 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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Live-work space - Commercial space offers the potential for two suites, complemented by an upper-level residential loft.
Where is this live-work space located?
The property is located at 113 E Washington St East Peoria, IL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Approximately 3,570 SF of commercial space, with potential to divide into two units; Approximately 2,520 SF upper‑level loft apartment; Loft layout has potential for 4 bedrooms and 2 bathrooms
(309) 643-0717 · Office Call to check price and availability
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