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1106 Peoria St 1,920 SF 100% Leased Retail Building Washington, IL 61571 $1,675,104 CAD ($872.45 CAD/SF)
INVESTMENT HIGHLIGHTS
- Freestanding retail building with drive-thru in place
- Surrounded by Walgreens, CVS, and Hardee’s
- Ideal for owner-user or redevelopment opportunity
- Located on high-traffic Peoria Street in Washington, IL
- Strong household incomes over $110K within 5 miles
- Zoned C-2 for flexible commercial uses
EXECUTIVE SUMMARY
Positioned on one of Washington, Illinois’s most heavily trafficked corridors, 1106 Peoria Street offers a rare opportunity to acquire a freestanding retail asset with immediate operational potential. Formerly operating as a quick-service restaurant, the property is fully built out and includes a drive-thru, making it ideal for food service, retail conversion, or redevelopment. The 1,920-square-foot building sits on a 0.55-acre parcel and benefits from C-2 zoning, allowing for a wide range of commercial uses.
The site enjoys exceptional visibility and access along Peoria Street, a key commercial artery in Washington, with neighboring national retailers such as Walgreens, CVS, and Hardee’s driving consistent foot traffic. The surrounding area is characterized by strong demographics, including an average household income exceeding $110,000 within a five-mile radius and a stable population of over 30,000 residents. Washington’s proximity to Peoria—just 10 miles west via U.S. Route 24—positions the property within reach of major employers and regional amenities while maintaining the charm and stability of a suburban community.
This asset is well-suited for investors seeking a high-visibility location in a growing market or for owner-users ready to capitalize on the existing infrastructure. With its strategic location, built-in drive-thru, and proximity to established co-tenants, 1106 Peoria Street stands out as a compelling retail opportunity in Central Illinois.
The site enjoys exceptional visibility and access along Peoria Street, a key commercial artery in Washington, with neighboring national retailers such as Walgreens, CVS, and Hardee’s driving consistent foot traffic. The surrounding area is characterized by strong demographics, including an average household income exceeding $110,000 within a five-mile radius and a stable population of over 30,000 residents. Washington’s proximity to Peoria—just 10 miles west via U.S. Route 24—positions the property within reach of major employers and regional amenities while maintaining the charm and stability of a suburban community.
This asset is well-suited for investors seeking a high-visibility location in a growing market or for owner-users ready to capitalize on the existing infrastructure. With its strategic location, built-in drive-thru, and proximity to established co-tenants, 1106 Peoria Street stands out as a compelling retail opportunity in Central Illinois.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,920 SF
Building Class
C
Year Built
2010
Price
$1,675,104 CAD
Price Per SF
$872.45 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.08
Lot Size
0.55 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-02-23-101-023 | Improvements Assessment | $208,476 CAD |
| Land Assessment | $47,607 CAD | Total Assessment | $256,083 CAD |
PROPERTY TAXES
Parcel Number
02-02-23-101-023
Land Assessment
$47,607 CAD
Improvements Assessment
$208,476 CAD
Total Assessment
$256,083 CAD
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