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Downtown Peoria Warehouse/Office Opportunity
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1335 SW Washington St, Peoria, IL 61602

110,900 SF Peoria building suitable for warehouse or office use.

Property Size110,900 SF
Price / SF$10.09
Days on Market919

Property Features for 1335 SW Washington St

General Information

Standard status Active
Size 110,900 SF
Class C
Property subtype Office

Building Details

Buildings 1
Stories 6
Listing Agency: Coldwell Banker Commercial Real Estate Group
Listed By: Justin Ferrill
Source: Crexi
Added: Feb 13, 2024 Changed: Aug 8 Last Checked: Aug 18 at 10:35PM

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 Coldwell Banker Commercial Real Estate Group

Investment Insights

Based on property information with market context.

This 110,900 square foot property in Peoria's downtown Warehouse District offers ready-to-use office or warehouse space. The building is distributed across six floors, including a lower level. It features multiple freight elevators and wide column spacing. Ceiling clear heights range from 10 to 12 feet. The property is being sold with multiple adjacent lots, which allows for on-site parking or expansion possibilities. Constructed as a masonry facility, the building has been well-maintained. The site presents redevelopment opportunities for developers, including potential conversion into multi-family housing, self-storage, or mixed-use developments. Owner-users may find the property suitable for warehouse or office operations at a reduced expense. The floor sizes are as follows: Floor 1 offers 21,000 square feet, Floors 2 and 3 each provide 20,500 square feet, and Floors 4, 5, and 6 each contain 16,300 square feet.

Key Highlights

  • 110,900 SF of ready‑to‑use office or warehouse space in Peoria's downtown Warehouse District.
  • Multiple adjacent lots included, allowing for on‑site parking or expansion.
  • Suitable for owner/users seeking warehouse or office space at a reduced expense.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Storage Facility Skin Care Clinic Real Estate Agency Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

740
Businesses Nearby
Under-served
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 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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Similar Off Market Nearby

  • Illinois Record Keepers Inc 2312 SW Adams St, Peoria, IL 61602

Frequently Asked Questions

What type of property is this?
Warehouse - 110,900 SF Peoria building suitable for warehouse or office use.
Where is this warehouse located?
The property is located at 1335 SW Washington St Peoria, IL.
What is the asking price?
The asking price for this property is $1,119,000.
What are key features of this property?
This property features: 110,900 SF of ready‑to‑use office or warehouse space in Peoria's downtown Warehouse District.; Multiple adjacent lots included, allowing for on‑site parking or expansion.; Suitable for owner/users seeking warehouse or office space at a reduced expense.
More about this property
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