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Loft Style Space For Lease
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428 SW Washington St, Peoria, IL 61602

Street-level loft space in warehouse district, suitable for office/fitness.

Space Size1,586 SF
Property Size6,400 SF
Days on Market1099

Property Features for 428 SW Washington St

General Information

Standard status Active
Size 1,586 SF
Total Parking Spaces 9
Property subtype Retail, Office, Industrial
Lease Type NNN

Building Details

Building Size 6,400 SF
Year Built 1970
Tenancy Single

Spaces For Lease

at 428 SW Washington St Contact us

Available Space

Size
1,586 SF
Type
Industrial, Office, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Joseph & Camper Commercial
Listed By: Will Hayes · License #475122056
Source: Crexi
Added: Aug 28, 2023 Changed: Aug 27 Last Checked: Aug 29 at 8:38PM

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.

Street-level loft-style space is available for lease in the warehouse district. The property is currently configured as two units. One unit, measuring 1,586 square feet, is available for lease. Unit 1 encompasses 4,775 square feet and is currently occupied by a fitness tenant. It includes men's and women's locker rooms and restrooms, with the majority of the space being open. Unit 2 is designed for office use, featuring two private offices, men's and women's restrooms, and an open area. Additional storage space is available in the basement. The property includes a small parking lot in front, with additional street parking and surface lots located nearby. The property is suitable for office and fitness use.

Key Highlights

  • Loft‑style space in the warehouse district.
  • 1,586 SF unit available for lease.
  • Potential for various uses (fitness, office, etc.).

Property Analytics

Current Use

CrossFit Peoria Gym & Fitness Center

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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,195
Businesses Nearby
Balanced
Demand for This Use

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Similar Off Market Nearby

  • Central Illinois Catering 711 W McBean St, Peoria, IL 61605
  • Canterbury Creations 456 Fulton St, Peoria, IL 61602

Frequently Asked Questions

What type of property is this?
Flex space - Street-level loft space in warehouse district, suitable for office/fitness.
Where is this flex space located?
The property is located at 428 SW Washington St Peoria, IL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Loft‑style space in the warehouse district.; 1,586 SF unit available for lease.; Potential for various uses (fitness, office, etc.).
(309) 643-0717 Call to check price and availability
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