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    311 SW Water St Peoria, IL 61602

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    For Lease
    $12 SF/Yr ($2,671 /Mo)

    Office suites available in renovated loft building on Water Street.

    Property size:
    2,565 SF
    Lot size:
    0.47 Acres

    Property Features for 311 SW Water St

    General Information

    Size
    2,565 SF
    Lot size
    0.47 Acres

    Source: Joseph & Camper Commercial Agent Will Hayes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Loft Office Space Available

    Located at 311 Water St, this renovated loft building offers office spaces. RC Outfitters occupies the first floor, with office space on the second floor and residential lofts on the third and fourth floors. Unit 206, a 2,565 square feet office suite on the second floor, will be available starting October 1, 2023. It is currently configured with two private offices, a conference room, and an open area suitable for workstations. Unit 204 features three private offices and an open area, totaling 991 square feet. The spaces can be combined to offer 3,556 square feet. The property features exposed brick and timber with high ceilings. Tenant-controlled HVAC is available. The building is situated in the heart of the Warehouse District, adjacent to the Peoria Riverfront Museum and Caterpillar Visitor’s Center. Free two-hour parking is available across the street.
    Location Intelligence

    Current Use by Public Records

    Guardian Wealth Management Financial Consultant ShaZam Racing Consultant RC Outfitters Shoe Store The Lofts at Waterfront Place Apartment Building Austin Engineering Civil Engineer

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5909115
    Latitude
    40.6881704

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    FAQs

    What type of property is this?
    Office space - Office suites available in renovated loft building on Water Street.
    Where is this office space located?
    The property is located at 311 SW Water St Peoria, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Option to combine units 204 and 206 for a total of 3,556 SF of office space.; - Located in the heart of the Warehouse District, adjacent to the Peoria Riverfront Museum & Caterpillar Visitor’s Center.; - Tenant controlled HVAC.
    (309) 643-0717
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    311 SW Water St Peoria, IL 61602
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    Peoria, IL 61602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 SW Water St Peoria, IL 61602
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