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Mixed-Use Building with Loft
New
For Sale
$299,000

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

Washington Street property combines adaptable commercial space with an upper-level residential loft.

Property Size6,090 SF
Days on Market6

Property Features for 113 E Washington St # 115

General Information

Standard status Active
Size 6,090 SF
Class C
Property subtype Retail - Street Retail

Additional Details

Multifamily Units 1

Building Details

Building Size 6,090 SF
Year Built 1920
Units 2
Listing Agency: Joseph & Camper Commercial
Listed By: Will Hayes · License #475122056
Source: Commercialcafe
Added: Aug 25 Changed: Aug 29 Last Checked: Aug 29 at 10:46AM

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 building at 113 E Washington St in East Peoria pairs approximately 3,570 SF of commercial area with an upper-level loft apartment measuring approximately 2,520 SF. The commercial portion may be configured as two separate units, supporting an owner-user arrangement with additional leasing potential. Above, the loft apartment includes enough space for potential four-bedroom and two-bathroom layouts.

The property sits directly across from Kroger with visibility along Washington Street. The Levee District is approximately 0.5 mile away and includes Target, Costco, Ross, Best Buy, Boot Barn, restaurants, and other services. The combined commercial and residential configuration places business space and living quarters in one building.

Key Highlights

  • Approximately 3,570 SF of commercial space
  • Approximately 2,520 SF upper‑level loft apartment
  • Commercial area has potential to divide 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

1
Residential units

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 - Washington Street property combines adaptable commercial space with an upper-level residential loft.
Where is this mixed-use property located?
The property is located at 113 E Washington St # 115 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; Approximately 2,520 SF upper‑level loft apartment; Commercial area has potential to divide into two separate units
More about this property
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