1106 Peoria St - Fast Food FOR SALE


Washington, IL 61571
$1,200,000 USD
219-864-0200
1106 Peoria St, Washington, IL for Sale
$1,200,000 USD
Fast Food - FOR SALE
1/6
null | Request Cap Rate

1106 Peoria St
Washington, IL 61571


HIGHLIGHTS

  • Freestanding retail building with drive-thru in place
  • Located on high-traffic Peoria Street in Washington, IL
  • Surrounded by Walgreens, CVS, and Hardee’s
  • Strong household incomes over $110K within 5 miles
  • Ideal for owner-user or redevelopment opportunity
  • Zoned C-2 for flexible commercial uses

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$625 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

24,112 SF

ZONING

-

APN/PARCEL ID

02-02-23-101-023

ASK ABOUT THIS PROPERTY

Myles RapchakLatitude Commercial Real EstateMore Info
219-864-0200

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Myles RapchakLatitude Commercial Real EstateMore Info
219-864-0200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.