836 SW Washington, Peoria, IL, 61602

836 SW Washington Peoria, IL 61602

836 SW Washington, Peoria, IL, 61602
836 SW Washington, Peoria, IL, 61602 836 SW Washington, Peoria, IL, 61602 836 SW Washington, Peoria, IL, 61602 836 SW Washington, Peoria, IL, 61602 836 SW Washington, Peoria, IL, 61602
FOR SALE
Property Type:
Street Retail
Amount:
$375,000
Last Verified:
Jan 02, 2024

Highlights

  • Incentive Programs Available:
  • Warehouse District TIF (Dist # 983)
  • Federal Opportunity Zone Census Tract 9
  • Rivers Edge Redevelopment Zone
  • Warehouse National Historic District
  • American Rescue Plan Act (ARPA): The City Council recently approved an increase to The façade improvement program with a reimbursement limit raised to $50,000. The program previously focused on TIF areas, but will now be extended to businesses throughout the entire city.

Description

23,760 SF commercial building for sale on SW Washington.
Excellent redevelopment opportunity in the heart of the warehouse district.
Property consist of two floors of 11,880 SF per floor.
Traditional loft style space with exposed brick and timber throughout.
Back patio area could allow for some outdoor seating and building lends itself for the potential for a rooftop deck.
Free street parking on Washington and soon to be constructed city surface parking lot in the rear will allow for abundant parking nearby.
Located in the Warehouse Form District which is intended to promote traditional urban form and a lively mix of uses.
Surrounded by numerous recent residential apartment developments and businesses including Thyme Kitchen and Craft Beer, First Ascent, Venue Chisca, Gone Ax Throwing, Sugar Wood Fired Bistro and more.

Located in the Warehouse district on SW Washington one block past Oak Street.

Building Size: 23760sq ft
Lot Size: 0 acres


Documents

Property Brochure

Map of 836 SW Washington, Peoria, IL, 61602

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.