406 Washington StPeoria, IL 61602

For Lease
Call for price

Downtown Peoria Office, Retail Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional two-story, 5,290 square foot commercial property, located at 406 SW Washington St, Peoria, IL 61602, presents a unique investment opportunity. Built in 1970, this Class B building offers a versatile layout currently configured as a single-tenant office space. The main level encompasses approximately 4,260 square feet, featuring a welcoming reception area, six private offices, two conference rooms, a kitchen, file room, supply room, and separate restrooms. An additional 1,030 square feet of office space is available on a rear mezzanine level, bringing the total to 5,290 square feet. The property's zoning (B1) allows for flexibility, making it suitable for office use or redevelopment into retail or restaurant space. Its prominent corner location at Washington and Harrison Streets offers excellent visibility and accessibility, complemented by convenient onsite parking. The property's single-tenancy status provides a streamlined ownership experience. This Peoria County property (APN: 18-09-404-006) is an attractive option for businesses seeking a well-established space or developers envisioning a revitalization project. The building's existing infrastructure provides a solid foundation for either scenario. This is a rare opportunity to acquire a versatile commercial property in a desirable Peoria location.

Highlights

  • 5,290 SF two-story commercial building in Peoria, IL.
  • Class B building, built in 1970, currently configured as single-tenant office space.
  • Main level features 4,260 SF with reception, six offices, two conference rooms, kitchen, and restrooms; plus 1,030 SF mezzanine.
  • B1 zoning allows for office, retail, or restaurant use.
  • Excellent visibility and accessibility at corner of Washington & Harrison Streets with on-site parking.

Property Details for 406 Washington St

Property type
Restaurants, Other retail properties
RSF (Rentable sq. ft)
5,290 SF
Class
B
Year Built
1970
Buildings
1
Stories
2

Unit(s) available at that property

Space
Size
5,290 SF

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.68823901299
Longitude
-89.592550230516
406 Washington St, Peoria, Illinois

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406 Washington St
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