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    OFF-MARKET
    Retail space

    422 Washington St, East Peoria, IL 61611

    3,200 SF
    Property ID
    US28-1503922
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Total area 3,200 SF
    UPID US28-1503922
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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