1000 Washington St Peoria, IL 61602

This exceptional 14,500 square foot warehouse property, located at 1000 SW Washington Street in Peoria, Illinois (zip code 61602), presents a compelling redevelopment opportunity within a rapidly transforming area. Priced at $725,000, this industrial property boasts a single building situated on a land parcel offering significant potential. The warehouse features concrete floors and ceilings, a loading dock, and high ceilings, providing a solid foundation for various adaptive reuse scenarios. While a freight elevator is currently out of service, the substantial square footage and existing infrastructure offer considerable flexibility. The property also includes approximately 10-15 additional parking spots, supplementing the new city-developed parking lot and park directly behind the building. This prime location benefits from the ongoing redevelopment of the surrounding block, which includes three buildings being converted into residential units, an event center, and retail spaces, creating increased foot traffic and commercial activity across the street. The potential for rooftop buildout further enhances the property's value and adaptability. This is a unique chance to capitalize on the revitalization of this vibrant Peoria neighborhood before further development significantly increases property values. Don't miss this chance to be part of Peoria's exciting urban renewal.