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Listed by Jacquelyn Weisenburger of Happel, Inc., REALTORS
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Listed by Justin Ball • RE/MAX Traders Unlimited
$599,000
Est. payment /mo
21,915 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 21,915 sqft
Price per Sqft $27
MLS Listing ID PA1265449
Annual Tax Amount $19,893
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Commercial
Source rmlsa
Property Description
309 & 311 Main Street in downtown Peoria, Illinois are a truly unique commercial sale with retail, restaurant, theater, office and residential spaces included. This 21,915 SF multi-use complex offers a rare combination of historic character and diverse revenue streams in the heart of Downtown Peoria. Situated directly across from the Peoria County Courthouse, the property consists of two interconnected three-story buildings with a unique mix of retail, office, residential and restaurant space, anchored by a specialized theater venue. The buildings are fully sprinklered, featuring a subterranean bar/restaurant and direct access to a rear parking deck. Properties are sold as-is, where is with no guarantees. Established tenants in 309 Main Street - Leiter Group law offices and CxT Roasting Company currently lease for immediate cash flow. High-visibility Main Street frontage with significant foot traffic and professional prestige. This is an ideal acquisition for an owner-operator or fine arts organization looking to establish a signature headquarters while benefiting from additional rental income from adjacent commercial suites. This property is located in the PUEZ (Peoria Urban Enterprise Zone) #9 for potential incentives for development.
Location
State IL
County Peoria
Area Paar Area
Zoning B-1
Direction Main Street near the Adams Intersection
Interior
Heating Other
Cooling Other
Flooring Carpet, Concrete, Other, Tile
Fireplace N
Exterior
View true
Roof Type Flat
Garage 1
Building
Faces Main Street near the Adams Intersection
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Ornamental Block,Other,Frame,Stone
Others
Tax ID 18-09-256-041
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