Search
Three-Story Office Building
For Sale
$2,021,000

2 News Plaza, Peoria, IL 61614

Three-story office building with river-view offices, full sprinklers, and an attached parking deck.

Property Size38,904 SF
Lot Size5.00 Acres
Price / SF$51.95
Days on Market74

Property Features for 2 News Plaza

General Information

Standard status Active
Size 38,904 SF
Class B
Total Parking Spaces 120
Lot size 5.00 Acres
Property subtype Office
Zoning C2

Additional Details

Sprinkler System Yes

Amenities

river views

Building Details

Building Size 38,904 SF
Stories 3
Listing Agency: Maloof Commercial
Listed By: Madison Maloof · License #IL #475.180439
Source: Maloofcom
Added: Jun 24 Changed: Sep 3 Last Checked: Sep 5 at 6:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Maloof Commercial

Investment Insights

Based on property information with market context.

This three-story office building totals 38,904 SF and is situated on approximately 5 acres. The building is fully sprinklered and features river views from many of the offices.

Parking is available via an attached deck for approximately 50 cars, plus additional surface parking for approximately 70 cars.

According to the seller, the entire third floor is fully leased, and unit 101 on the first floor is also leased, supporting immediate income for investors. The property is zoned C2. Additional investment information is available upon signing a Confidentiality Agreement.

Key Highlights

  • 38,904 SF, 3‑story office building on ±1.5 acres
  • Entire 3rd floor is fully leased; 1st‑floor unit 101 is also leased
  • Fully sprinklered building with river views from numerous offices

Property Analytics

Current Use

Hometown Productions Marketing & Advertising

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Dental Office Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

78
Businesses Nearby

Demographics for 61614, IL

27,119
Population
13,870
Households
2
Avg Household Size
41
Median Age
46%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,260
Density / Sq Mi
$68,379
Median Household Income
$46,540
Median Earnings
$948
Median Rent
$169,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - Three-story office building with river-view offices, full sprinklers, and an attached parking deck.
Where is this office building located?
The property is located at 2 News Plaza Peoria, IL.
What is the asking price?
The asking price for this property is $2,021,000.
What are key features of this property?
This property features: 38,904 SF, 3‑story office building on ±1.5 acres; Entire 3rd floor is fully leased; 1st‑floor unit 101 is also leased; Fully sprinklered building with river views from numerous offices
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message