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Property profile & analytics

314 Washington St East Peoria, IL 61611

  • Commercial real estate
  • 12,533 SF
  • 13.71 lot acres
Value Estimation
Last Sale
Dec 17, 2021
$18,400,000
Location Intelligence
Property ID
US28-3477612
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 314 Washington St

Year built
2012
Lot size
13.71 lot acres
Property size
12,533 SF
Property type
Commercial real estate
APN
01-01-32-205-013
APU
10132205013

Description

This exceptional 966 square foot retail space is located in the vibrant East Peoria Levee District, a thriving mixed-use development boasting over 650,000 square feet of retail, restaurants, and services. The unit, number 2084, is situated within a larger 244,110 square foot building and sits on a sizable 514,008 square foot lot, zoned B-3. Previously configured as a cupcake bakery, this second-generation space features a ready-to-use storefront, two ADA-compliant restrooms, and a spacious work area behind the retail section. The Levee District offers a high-traffic location with established national and local tenants including Bass Pro Shops, Holiday Inn & Suites, Johnny's Italian Steakhouse, and many more popular dining and retail options. This presents a fantastic opportunity for a business seeking a well-positioned space in a bustling and diverse commercial environment. The property's size and layout offer flexibility for a variety of retail or restaurant concepts. The building's substantial size and the district's established success provide a strong foundation for a thriving business. This is a rare opportunity to establish a presence in a highly sought-after location.

Value Estimation

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

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
East Peoria
County
Tazewell
State
Illinois
Longitude
-89.5823
Latitude
40.668
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
$77,916
$0.00
$804,870
$804,870
-
$0.00
$2,414,610
$2,414,610
More about this property
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