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    1335 Washington St Peoria, IL 61602

    Sponsored
    For Sale
    Contact for pricing

    110,900 SF, 6-story vacant building

    Property size:
    110,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 110,900-square-foot creative office building, located at 1335 SW Washington St in Peoria, IL, presents a unique investment opportunity. The six-story Class C property (APN 1817229001) is currently vacant and offers significant potential for redevelopment or owner-occupancy. The building boasts a desirable warehouse/office configuration, featuring multiple freight elevators facilitating efficient material transfer between floors. High ceilings, ranging from 10 to 12 feet, provide ample space and flexibility. The floor plans are well-designed, with Floor 1 at 21,000 SF, Floors 2 & 3 at 20,500 SF each, and Floors 4, 5, & 6 at 16,300 SF each. Loading is facilitated by two 8' x 8' dock doors and one 6' x 8' dock door. The property includes multiple adjacent lots, offering ample parking or expansion possibilities. Its prime location provides immediate access to S. McArthur Highway and I-74, ensuring excellent connectivity. The sturdy masonry construction and well-maintained condition make this a sound investment for developers seeking multi-family, self-storage, or mixed-use projects, or for owner-users seeking warehouse or office space at a competitive price point. This is a rare opportunity to acquire a substantial property in Peoria's vibrant downtown Warehouse District. The zip code is 61602.

    Property Features for 1335 Washington St

    General Information

    Property type
    Office space
    Square Feet
    110,900 SF
    Class
    C

    Building Details

    Buildings
    1
    Stories
    6

    HighLights

    • 110,900 SF building on six floors.
    • 10'-12' clear ceiling height.
    • Secure access control system.
    • Two freight elevators.
    • Two 8'x8' dock‑high doors and one 6'x8' dock‑high door.
    • Ample parking across multiple lots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.604230881039
    Latitude
    40.680814765095

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    FAQs

    What type of property is this?
    Office space - 110,900 SF, 6-story vacant building
    Where is this office space located?
    The property is located at 1335 Washington St Peoria, IL.
    What are key features of this property?
    This property features: 110,900 SF building on six floors.; 10'-12' clear ceiling height.; Secure access control system.
    Request Owner's contact information
    1335 Washington St Peoria, IL 61602
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    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
    1335 Washington St Peoria, IL 61602
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