Property summary
This exceptional redevelopment opportunity encompasses two buildings totaling 55,632 square feet on a 0.62-acre lot in Peoria, Illinois' Warehouse District. The property is zoned WH and offers significant potential for adaptive reuse. One building, located at 840 SW Washington, is a single-story warehouse featuring 15-foot ceilings and a 14 x 12 overhead door. The second building, situated at 908 SW Washington, is a five-story structure encompassing 50,760 square feet, including a basement and lower level. The upper four floors provide expansive open space with exposed brick and timber, presenting a unique architectural character. The asking price for this multi-tenant property is $799,000, translating to a price per square foot of $14.36. This prime location in the Warehouse District offers easy access to Peoria's central business district and major transportation routes. The property's size, unique architectural features, and desirable location make it an attractive investment for developers seeking a high-impact project. The substantial square footage and flexible zoning provide ample opportunity for a variety of commercial uses. This is a rare chance to acquire a significant property in a thriving urban area.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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