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Warehouse District Office/Retail Space
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406 SW Washington St, Peoria, IL 61602

4,260-5,290 SF office/retail space in Peoria's warehouse district.

Space Size5,290 SF
Days on Market1198

Property Features for 406 SW Washington St

General Information

Standard status Active
Size 5,290 SF
Property subtype OFFICE

Spaces For Lease

at 406 SW Washington St
406 SW Washington St AVAILABLE, Now
Floor Bldg
Size 5,290 SF
Type OFFICE
Rate Contact for pricing
Lease Type NNN
Sublease No
- 4,260 SF built-out office space for lease in the warehouse district. - Located on the corner of Washington and Harrison Street. - Layout consists of an inviting reception/lobby area, six private offices, 2 conference rooms, kitchen, file room, office supply room and a mens and womens restrooms. - Additional 1,030 SF of office space located in the rear mezzanine could be available to offer a total of 5,290 SF. - Property is currently set up for office but is positioned well for a retail/restaurant redevelopment with the location and available onsite parking.
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Listing Agency: Joseph & Camper Commercial
Listed By: Will Hayes · License #475122056
Source: Moodyscre
Added: Jun 28, 2023 Changed: Sep 6 Last Checked: Oct 5 at 9:02PM

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 property offers 4,260 square feet of built-out office space available for lease, situated in the warehouse district at the corner of Washington and Harrison Street. The layout includes a reception/lobby area, six private offices, two conference rooms, a kitchen, a file room, an office supply room, and men's and women's restrooms. An additional 1,030 square feet of office space is located in the rear mezzanine, potentially offering a total of 5,290 square feet. While currently configured as office space, the property's location and available on-site parking make it suitable for retail or restaurant redevelopment.

Key Highlights

  • 4,260 SF of built‑out office space, with potential for expansion to 5,290 SF with the rear mezzanine.
  • Prime corner location at Washington and Harrison Street in the warehouse district.
  • Layout includes a reception/lobby area, six private offices, two conference rooms, kitchen, file room, and office supply room.

Property Analytics

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Current Use

Crumbl - East Peoria Bakery Cohen Development Co Construction Company

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Pet Grooming Service Florist Acupuncture Locksmith

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

Location Intelligence

Trade Area within ½ mile

2,195
Businesses Nearby

Demographics for 61602, IL

1,198
Population
813
Households
1.5
Avg Household Size
39
Median Age
37%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$17,273
Median Household Income
$34,082
Median Earnings
$912
Median Rent
$222,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Peoria, IL

$10.42 /SF/Yr
Avg Asking Price
$0.33–$16 /SF/Yr
Price Range
7,197 SF
Avg Space Size

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?
Office units - 4,260-5,290 SF office/retail space in Peoria's warehouse district.
Where is this office units located?
The property is located at 406 SW Washington St Peoria, IL.
What are key features of this property?
This property features: 4,260 SF of built‑out office space, with potential for expansion to 5,290 SF with the rear mezzanine.; Prime corner location at Washington and Harrison Street in the warehouse district.; Layout includes a reception/lobby area, six private offices, two conference rooms, kitchen, file room, and office supply room.
(309) 643-0717 Call to check price and availability
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