Fondulac Plaza

2516 East Washington Street, East Peoria, IL 61611

Property Information

  • For Lease $10.00/SF/YR
  • Property Type Retail
  • Property Size 84,116 SF
  • Units 21
  • Lot Size 8 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1977
  • Date Updated Jul 17, 2026

Description

East Peoria, Illinois is a well-established city located in Tazewell County in central Illinois, positioned along the eastern bank of the Illinois River directly across from downtown Peoria. As an integral part of the Peoria Metropolitan Area, East Peoria enjoys excellent regional accessibility via Interstate 74, U.S. Route 150, and multiple river crossings that provide direct connections to Peoria’s central business district and surrounding communities. The city’s riverfront setting offers scenic views and outdoor recreation opportunities, while its proximity to major transportation routes supports commuter traffic, regional commerce, and long-term economic stability. The community blends suburban residential neighborhoods with strong commercial and industrial development. East Peoria is home to notable employment centers, including Caterpillar Inc. facilities and Illinois Central College, contributing to a stable economic base. The revitalized Levee District serves as a hub for retail, dining, and entertainment, complementing attractions such as riverfront parks, marinas, and the Par-A-Dice Hotel & Casino. With a reputation for community events like the annual Festival of Lights and a balance of lifestyle amenities and business infrastructure, East Peoria remains an attractive location for residents, visitors, and commercial investment..

Highlights

  • 46,919 SF Available for Lease | 38,109 SF Available for Larger Retail Tenant
  • Additional .74 Acre out lot Available for Sale/Lease
  • Anchor Tenants Include Dollar General & Fondulac Community Bank
  • Asking Rent: $11 PSF + NNN (estimated $3.00 PSF)
  • Average Household Income is $94,023 Annually within One Mile
  • Built in 1977 | Renovated in 1990 | Sits on 8 Acres
  • East Peoria Continues to Experience Commercial Growth Supported by Tourism, Riverfront Attractions, and Regional Employment Centers
  • Fondulac Plaza is a Multi-tenant Retail Center Located on a Primary Retail Corridor
  • Shopping Center has Five Separate Entrances and Excellent Roadside Visibility | Washington
  • Street Traffic Counts at 20,000+ VPD
  • The Center Benefits from Convenient Access and Proximity to I-74 with an Average 64,900+ Vehicles Per Day

1 Space Available

.

Space Type

Retail

Lease Rate

$10.00/SF/YR

Total Space

38,109 SF

Divisible Space

38,109 - 38,109 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

Contacts

Location

Contact Listing Broker
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