Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    428 Washington St Peoria, IL 61602

    For Lease
    $14 SF/Yr ($7,466 /Mo)

    6,400 SF Flex Space, 9 Parking Spots

    Lot size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This Peoria, IL property at 428 SW Washington St offers 6,400 square feet of versatile space, ideal for retail, office, or industrial uses. Built in 1970, this single-story building features a single tenancy with a currently available 1,586 square foot storefront space. The property is zoned B1 and includes nine parking spaces on-site, supplemented by ample street parking and nearby surface lots. The building is comprised of two units

    Property Features for 428 Washington St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,400 SF
    Total Rate
    7466.67

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,586 SF
    Rate per SF
    $14
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CrossFit Peoria Gym

    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
    -89.593398343282
    Latitude
    40.687617349633

    Nearby Similar for Lease

    • $11 SF/Yr

      Prime Office Space in Peoria

      Highly visible office space with flexible layout and excellent accessibility.
      1820 N Sterling Ave, Peoria, IL 61604
      View Details
    • $8 SF/Yr
      57,100 SF

      Versatile Industrial and Office Building

      57,100 SF industrial/office space for lease in Peoria, Illinois.
      6533 N Galena Rd, Peoria, IL 61614
      View Details
    • Contact for pricing
      12,503 SF

      Prime Retail Space in Peoria

      Retail landmark with high visibility and strong market presence.
      2601 W Lake Ave, Peoria, IL 61615
      View Details
    • $6 SF/Yr
      3,300 SF

      Warehouse District Flex Building

      3,300 SF flex building in Peoria's Warehouse District.
      718 SW Adams St, Peoria, IL 61602
      View Details
    • $12 SF/Yr
      2,565 SF

      Renovated Loft Office Space Available

      Office suites available in renovated loft building on Water Street.
      311 SW Water St, Peoria, IL 61602
      View Details
    • $6 SF/Yr
      5,500 SF

      Warehouse/Flex Space in Warehouse District

      Warehouse/flex building for lease in the Warehouse District.
      720 SW Adams St, Peoria, IL 61603
      View Details

    FAQs

    What type of property is this?
    Flex space - 6,400 SF Flex Space, 9 Parking Spots
    Where is this flex space located?
    The property is located at 428 Washington St Peoria, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    Request Owner's contact information
    428 Washington St Peoria, IL 61602
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    428 Washington St
    Peoria, IL 61602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    428 Washington St Peoria, IL 61602
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.