1335 SW Washington Street presents an unmissable six-story, 127,000-square-foot building prominently positioned on a highly visible corner lot in Peoria, Illinois. The research and development property boasts premium office and warehouse space in the heart of Peoria’s bustling downtown warehouse district. The brick building includes a lower level and features ideal building specifications comprising two freight elevators, three dock doors, wide column spacing, 10- to 12-foot clear heights, and multiple lots for parking options. Initially constructed in 1950, the building was built to last and has been well-maintained by ownership. This asset is offered vacant and is primed for an owner/user, developer, or value-add investor seeking a revitalization opportunity with a multitude of abilities.

1335 SW Washington Street benefits from its extremely accessible location just off major thoroughfare Illinois Route 116, which provides seamless east-west connectivity throughout the state. The building is also a quick four-minute commute to Interstate 74 and less than a 5-mile drive from the General Wayne A. Downing Peoria International Airport (PIA).

Excellently encompassing the property within a 5-mile radius is a dense population of more than 120,000 residents who have an impressive spending power of nearly $1.3 billion annually. This well-established population serves as a highly educated workforce, as 37.5% of Peoria city residents obtain a bachelor’s degree or higher, surpassing the national average of 34.3%. Ideally, numerous amenities are nearby, including nationally renowned retailers and popular quick-service restaurants. These conveniences consist of Costco, Target, Walmart Supercenter, Chick-fil-A, McDonald’s, Kroger, Aldi, Dollar General, Starbucks, Bass Pro Shops, Tractor Supply, and many more.

This acquisition offers the dynamic opportunity to renew a solid research and development property already primed for office and industrial use with the ability to transform into a possible multifamily building, self-storage, or mixed-use asset.

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