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    412 Washington St Peoria, IL 61602

    For Lease
    $15 SF/Yr ($2,583 /Mo)

    Executive Suites, 2,000 sq ft Available

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional executive office space, located at 412 SW Washington St in Peoria's vibrant Riverfront District, offers a total of 2,000 square feet of immediately available space. The property is classified as an office building with multiple tenancy options, making it ideal for a variety of businesses. The entire 2,000 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease individual suites. The building's prime location within the Riverfront District offers excellent visibility and accessibility, placing your business in the heart of Peoria's thriving commercial area. This is a fantastic opportunity to establish a presence in a desirable and high-traffic location. The building's size and layout are conducive to a variety of business needs, offering flexibility for customization and efficient workspace design. The property is ready for immediate occupancy, allowing for a swift and seamless transition for your business. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The building's total square footage is 2,000 square feet, all of which is currently available for lease. This presents a rare chance to acquire a significant amount of prime office space in a highly sought-after location. Don't miss out on this chance to establish your business in the heart of Peoria's Riverfront District.

    Property Features for 412 Washington St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF
    Total Rate
    2583.33

    Unit(s) available at that property

    Space
    1st Floor
    Size
    2,500 SF
    Rate per SF
    $15

    HighLights

    • 2,000 SF Executive Office Suite Available for Lease.
    • Fully Vacant, 2,000 square feet.
    • Located in Peoria's Riverfront District.
    • Multiple Tenancy Available.
    • Office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chicken Salad Chick Sandwich Shop RLG Consulting Engineers Engineering Consultant Illinois Environmental Protection ... Environmental Health Service KB Elliott Financial Planner Geometric Americas, Inc Mechanical Engineer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5925972
    Latitude
    40.6878442

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    FAQs

    What type of property is this?
    Office Property / Space - Executive Suites, 2,000 sq ft Available
    Where is this office property / space located?
    The property is located at 412 Washington St Peoria, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 2,000 SF Executive Office Suite Available for Lease.; Fully Vacant, 2,000 square feet.; Located in Peoria's Riverfront District.
    Request Owner's contact information
    412 Washington St Peoria, IL 61602
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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
    412 Washington St Peoria, IL 61602
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