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Retail Building with Street Frontage
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2402 East Washington Street, East Peoria, IL 61611

One-story retail property with substantial street exposure and mostly vacant occupancy, positioned alongside an established neighborhood shopping center.

Property Size11,300 SF
Price / SF$79.02
Days on Market217

Property Features for 2402 East Washington Street

General Information

Standard status Active
Size 11,300 SF
Property subtype Office, Retail

Site & Location

Traffic Count 30,000 vehicles/day
Road Access Yes

Building Details

Buildings 1
Stories 1
Units 6
Building Size 11,300 SF
Listing Agency: Asher Group
Listed By: Joshua Banilivy
Source: Crexi
Added: Feb 11 Changed: Sep 12 Last Checked: Sep 15 at 4:20AM

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 Asher Group

Investment Insights

Based on property information with market context.

This one-story retail building is offered with separate parking and will be delivered 90% vacant. One veterinary tenant is expected to remain through 2028, providing an existing occupancy component within the property. The configuration supports continued retail use and future re-tenanting of the available space.

The property fronts East Washington Street with over 300’ of frontage and exposure to 30,000+ VPD. It shares a parcel with Fondulac Plaza, a neighborhood shopping center occupied by State Farm, Dollar General, Jackson Hewitt, and Worlds of Vitamins. McDonalds and Dollar Tree are neighboring strip tenants next door.

Key Highlights

  • 90% vacant delivery with one veterinary tenant remaining until 2028
  • Over 300’ of frontage along East Washington Street
  • 30,000+ VPD exposure

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Restaurant Spa & Massage Center

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

30,000 VPD
Traffic count
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

248
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
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Frequently Asked Questions

What type of property is this?
Retail space - One-story retail property with substantial street exposure and mostly vacant occupancy, positioned alongside an established neighborhood shopping center.
Where is this retail space located?
The property is located at 2402 East Washington Street East Peoria, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 90% vacant delivery with one veterinary tenant remaining until 2028; Over 300’ of frontage along East Washington Street; 30,000+ VPD exposure
More about this property
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