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Property profile & analytics

423 Washington St Peoria, IL 61602-1514

  • Commercial real estate
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-1722578
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 423 Washington St

Property type
Commercial real estate
APN
18-09-402-019
APU
1809402019

Description

This exceptional 5,320 square foot office space, located in Peoria's vibrant warehouse district, is available for lease. The property boasts a desirable single-tenant occupancy and is situated on a 0.43-acre lot. The building, classified as Class B, features a two-story main section with an open mezzanine and skylights, complemented by a single-story eastern wing offering direct courtyard access. The existing layout includes a secure reception area, nine private offices, a conference room, separate restrooms for men and women, a break room, and three spacious open work areas/meeting rooms. The property's many attractive features include ample on-site parking (50 spaces), exposed brick, areas with ceilings exceeding 25 feet in height, and a private outdoor courtyard. Its prime downtown location places it within a block of the Riverfront, Dozer Park, and the Peoria Riverfront Museum. The building is zoned B1 and is part of a larger Peoria County property. The space is currently occupied; showings require 48 hours' notice. This is a unique opportunity to secure a well-maintained, conveniently located office space in a thriving area.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.5935
Latitude
40.6884
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
$10,919
$23,570
$92,480
$116,050
-
$70,710
$277,440
$348,150
More about this property
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