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Property profile & analytics

408 Washington St Peoria, IL 61602

  • Commercial real estate
Value Estimation
Location Intelligence
Property ID
US28-1768490
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 408 Washington St

Property type
Commercial real estate
APN
18-09-404-005
APU
1809404005

Description

The Larkin Building, located at 408 SW Washington St in Peoria, IL 61602, presents a unique opportunity for businesses seeking executive office space. This four-story building offers a total of 21,400 square feet of commercial space, currently entirely vacant and ready for immediate occupancy. The property is classified as both retail and office, making it suitable for a variety of uses. The building boasts ample parking, a significant advantage in a busy urban setting. The entire 21,400 square feet is available for lease as a single, large space, providing flexibility for a substantial tenant or the potential for division into smaller suites. Situated in Peoria County, Illinois, this property benefits from excellent visibility and accessibility. The building's location at 408 SW Washington St places it within easy reach of Peoria's central business district, offering convenient access to amenities, transportation, and a thriving workforce. This is an exceptional opportunity to secure a substantial, well-located commercial property in a desirable market. The property's size and layout offer significant potential for customization to meet the specific needs of a discerning tenant. With ample parking and a prime location, the Larkin Building is poised to become a successful hub for any business.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.5924
Latitude
40.6879
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,385
$33,870
$12,740
$46,610
-
$101,610
$38,220
$139,830
More about this property
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