Property profile

2400 E Washington St East Peoria, IL 61611

FOR LEASE
Banks
Property ID
US28-2717611
5,278 SF 0.83 ac lot Built 1973
Entity Owned 27-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Fondulac Plaza, a Class B shopping center in East Peoria, Illinois, offers exceptional retail and restaurant opportunities. This single-story, 86,224 square foot building sits on a 9.1-acre lot and boasts five separate entrances for optimal customer access and high roadside visibility. Currently, there are four available spaces ranging from 1,618 to 7,210 square feet, perfect for a variety of businesses. The property is zoned B3 and was built in 1979. Its prime location on East Washington Street in Tazewell County benefits from an average daily traffic count of 20,000 vehicles. Strong anchor tenants, including Big Lots, Dollar General, and Fondulac Community Bank, provide a robust and established customer base. Furthermore, a build-to-suit pad site of 0.74 acres is available for sale or lease, presenting an excellent opportunity for expansion or customized development. This property offers a unique blend of existing retail space and development potential in a high-traffic location, making it an ideal investment for discerning businesses. The property address is 2400 E Washington St, East Peoria, IL 61611.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1973
Total area 5,278 SF
Lot 0.83 ac (36,155 SF)
APN 01-01-35-105-004
UPID US28-2717611

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Atm

Location

2400 E Washington St East Peoria, IL 61611
East Peoria metro Census 20100 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 1998
1 recorded transaction
1998
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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