214 SW Pecan St Peoria, IL 61602

The property, known as Cooperage 214, is a restored 27,000 square foot former whiskey-barrel cooperage. The three-story landmark building was reimagined in 2017 into 18 luxury loft-style apartments and prime commercial space. The building is fully leased in 2025 to the region’s largest hospital tenant. Originally serving Hiram Walker distilleries in Peoria’s famed “Distillery Row”, the building retains original Quaker windows, hardwood floors, exposed wood columns, masonry walls, and brick ceilings. Design elements include reclaimed barrel staves, elevator wood, and a custom cooperage logo. The property was awarded the 2017 Preservation Winner for Adaptive Use by Landmark Illinois. The renovation restored the original Quaker windows, wood columns, hardwood floors, and brick walls. Building elements were reimagined as art and décor, including reclaimed elevator wood & mechanics, reclaimed whiskey barrels & barrel staves, and a commissioned, custom cooperage logo. The property features open floor plans with high-end finishes, washer and dryer in each unit, stainless GE appliances throughout, and warehouse-type hardware. All individual water heaters have been replaced. The property is located in the Warehouse District in downtown Peoria, IL. A new 3-year commercial lease was executed in 2025 with the largest hospital in Peoria. The TIF has been extended through 2034. Short Term Renal Units receive an average of $1,700 per month.