422 Washington St, East Peoria, IL 61611
This exceptional 3,200 square foot, two-story Class B office and retail building is situated in the vibrant heart of East Peoria's downtown business district. Offering a single available space of 630 square feet on the ground floor, this property boasts excellent visibility and high traffic counts on Washington Street. Conveniently located minutes from Downtown Peoria and the Warehouse District, and blocks from The Levee District, it provides easy access to I-74. The building underwent renovations in 2019 and features a paved parking lot with dedicated parking spaces (2-3 per unit). The property is zoned B2 and is comprised of one building with multiple tenancies. This is a fantastic opportunity for a small business seeking a move-in ready space. Enjoy the benefit of no CAM fees; only base rent and tenant-paid utilities are required. The landlord covers all other expenses, making this an ideal location to establish or relocate your business. The available space is ground floor for easy access and visibility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.