840-908 SW Washington, Peoria, IL for sale

Investment Overview

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)