840-908 SW Washington, Peoria, IL, 61602

840-908 SW Washington Peoria, IL 61602

840-908 SW Washington, Peoria, IL, 61602
840-908 SW Washington, Peoria, IL, 61602 840-908 SW Washington, Peoria, IL, 61602 840-908 SW Washington, Peoria, IL, 61602 840-908 SW Washington, Peoria, IL, 61602 840-908 SW Washington, Peoria, IL, 61602 840-908 SW Washington, Peoria, IL, 61602 840-908 SW Washington, Peoria, IL, 61602 840-908 SW Washington, Peoria, IL, 61602
FOR SALE FOR LEASE
Property Type:
Warehouse
Amount:
$699,000
Last Verified:
Sep 17, 2025

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Description

Excellent redevelopment opportunity.
Two buildings on approximately .62 ac. available in the Warehouse District.
840 SW Washington is a 4,872 SF one story warehouse with 15 ft ceilings and a 14 x 12 overhead door.
908 SW Washington is a five story
50,760 SF building that includes a basement and a lower level.
Top four floors of 908 SW Washington are mostly open space with exposed brick and timber.
Buildings are located in a TIF district and the River Edge State Historic Tax District.
Newly constructed 300 car parking lot located between the properties.
Peoria city incentives include TIF (Tax Increment Financing), Opportunity Zone and RERZ (River Edge Redevelopment Zone)

Excellent redevelopment opportunity.
Two buildings on approximately .62 ac. available in the Warehouse District.
840 SW Washington is a 4,872 SF one story warehouse with 15 ft ceilings and a 14 x 12 overhead door.
908 SW Washington is a five story
50,760 SF building that includes a basement and a lower level.
Top four floors of 908 SW Washington are mostly open space with exposed brick and timber.
Buildings are located in a TIF district and the River Edge State Historic Tax District.
Newly constructed 300 car parking lot located between the properties.
Peoria city incentives include TIF (Tax Increment Financing), Opportunity Zone and RERZ (River Edge Redevelopment Zone)

In the Warehouse District of Downtown Peoria on SW Washington Street one block SW of Oak Street. Buildings are located in a TIF district and the River Edge State Historic Tax District.

Building Size: 55632sq ft
Lot Size: 0.62 acres


Documents

Property Brochure

Units for Lease

840-908 Washington
Space Available: 50760 SF
Lease Type: NNN

Price Per Sqft/Year: $12.56

Map of 840-908 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.