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Property Detail

East Washington Street
Ideally established 41,942-SF office/mixed-use building desirably sited .
$250,000

Description

  • Ideally established 41,942-SF office/mixed-use building desirably sited on an expansive 4.1-acre lot in East Peoria, less than 4 miles from downtown.
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  • Noteworthy owner/user or value-add investment opportunity to acquire a vacant asset with desirable flexibility to accommodate many business uses.
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  • Conveniences such as Walmart Supercenter, Costco, Harbor Freight Tools, McDonald’s, Kroger, Starbucks, and Taco Bell are within a 5-mile radius.
  • Excellently located just off the signalized intersection of Illinois Route 8 and preferably situated 1.5 miles from major thoroughfare Interstate 74.
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  • Surrounded by a highly skilled workforce, as 37.5% of Peoria city residents obtain a bachelor’s degree or higher, surpassing the national average.

Executive Summary

2000 E Washington Street presents a well-positioned 41,942-square-foot office/mixed-use building exceptionally situated on a spacious 4.1-acre lot in East Peoria, Illinois. This two-story, masonry-constructed property was built in 1960 and benefits from its ample on-site surface parking spaces and rail access. The building is built-out with private offices, a spacious open floorplan primed for collaboration, a welcoming lobby with a glass façade boasting ample natural lighting, a kitchenette with plenty of built-in storage, and a drive-in bay with loading and unloading capabilities. The ADA-compliant property has easy ramp access at the main entrance, and tenants and visitors can appreciate the quick accessibility via two curb cuts off the signalized intersection of E Washington Street/Illinois Route 8.

Peoria is a vibrant city located in the heart of Illinois, along the captivating Illinois River. The dynamic city is renowned for its industrial heritage, cultural offerings, and economic opportunities. It is home to a highly educated and skilled workforce, as 37.5% of Peoria city residents obtain a bachelor’s degree or higher, impressively surpassing the national average of 34.3%. 2000 E Washington Street benefits from its location three minutes from Interstate 74 and is situated just six minutes from downtown.

The property is ideally surrounded within a 10-mile radius of about 242,000 residents who have an incredible spending power of nearly $3 billion annually. Accessibly, within a 5-mile radius are a multitude of conveniences, including household-named retailers and renowned fast-food chains. These amenities include Harbor Freight Tools, Walmart Supercenter, Costco, McDonald’s, Aldi, Kroger, Dollar General, Starbucks, Taco Bell, Bass Pro Shops, Tractor Supply, and many more.

This vacant asset offers an excited owner/user or savvy investor the opportunity to add value through its tremendous features, which provide sought-after flexibility to accommodate a wide range of businesses.

Property tours are available by appointment only. Please contact the broker to schedule.

 

2000 E Washington Office Building

Listing ID : 00601

SKU: 601

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Price History

DateEventPrice
December 4 2024Listed$250,000.00