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    1101 E Washington St East Peoria, IL 61611

    For Sale
    $399,900

    Multi-unit property with retail, gym, apartment, and storage.

    Property size:
    10,894 SF
    Lot size:
    0.68 Acres

    Property Features for 1101 E Washington St

    General Information

    Size
    10,894 SF
    Lot size
    0.68 Acres

    Source: Joseph & Camper Commercial Agent Steve Reeves

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Peoria Multi-Use Property

    Located on Washington Street in East Peoria, this property is currently configured as a multi-use building with three units. It features a former insurance agency unit, a unit occupied by a gym, and a two-bedroom apartment unit. The property also includes a 24-foot by 70-foot open-air covered storage area at the rear. On-site parking is available. The building has a steel roof, steel siding, and block construction. The property offers high visibility with building signage and a streetside pylon sign. The property size is 10894 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5633856
    Latitude
    40.6686885

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    FAQs

    What type of property is this?
    Retail space - Multi-unit property with retail, gym, apartment, and storage.
    Where is this retail space located?
    The property is located at 1101 E Washington St East Peoria, IL.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Great location directly on Washington Street in the heart of East Peoria.; - High Visibility with building signage and a streetside pylon sign.; - Currently set up as a 3 unit multi-use property.
    (309) 550-0139
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    East Peoria, IL 61611
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1101 E Washington St East Peoria, IL 61611
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