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Historic Office Suites in Marquette Building
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701 Main St, Peoria, IL 61602

First-floor office suites are available at the Historic Marquette Building Apartments.

Property Size714 SF
Days on Market704

Property Features for 701 Main St

General Information

Standard status Active
Size 714 SF
Property subtype OFFICE
Listing Agency: Huber Commercial Inc.
Listed By: Erikka Claerhout
Source: Moodyscre
Added: Aug 26, 2024 Changed: Jul 25 Last Checked: Jul 30 at 1:34PM

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 Huber Commercial Inc.

Investment Insights

Based on property information with market context.

The Historic Marquette Building Apartments, originally designed in 1924 by Hewitt & Emerson Architects, now offers fully restored studio and converted one- and two-bedroom apartment units plus multiple office spaces on the first floor. Office suites currently available include Suite 3, Suite 4, Suite 5, Suite 7, and Suite 8.

The building is located within short walking distance to the University of Illinois College of Medicine and Unity Point Methodist Medical Center. The office and retail inquiries should be directed to Huber Commercial.

Rent includes hot water, cold water, sewer, and free parking for the residential units, and the building features card-access proximity locks at the entrance and exterior camera recording for activity. Note that pets are not allowed at these apartments.

Key Highlights

  • Historic Marquette Building Apartments with first‑floor office suites: Suite 3 (714 SF), Suite 4 (2,254 SF), Suite 5 (1,844 SF), Suite 7 (984 SF), Suite 8 (2,570 SF)
  • Apartments designed in 1924 by Hewitt & Emerson Architects; originally built as 34 studio apartments around 450 SF each
  • 18 studio units retained; remaining units combined into 8 one‑bedroom, one‑bath units and 2 two‑bedroom, two‑bath units

Property Analytics

Current Use

Jackson Donald R Law Firm Marquette Apartments Apartment Building Gelia Marcom & Martech Advertising Agency Pristine Custom Wood ... Production Facility Pinnacle Security Services ... Security Service

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Plumbing Service Law Firm Daycare 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,776
Businesses Nearby

Demographics for 61602, IL

1,198
Population
813
Households
1.5
Avg Household Size
39
Median Age
37%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$17,273
Median Household Income
$34,082
Median Earnings
$912
Median Rent
$222,700
Median Home Value

Market

Lease Benchmarks for Peoria, IL

$21.87 /SF/Yr
Avg Asking Price
$7–$107 /SF/Yr
Price Range
10,509 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office units - First-floor office suites are available at the Historic Marquette Building Apartments.
Where is this office units located?
The property is located at 701 Main St Peoria, IL.
What are key features of this property?
This property features: Historic Marquette Building Apartments with first‑floor office suites: Suite 3 (714 SF), Suite 4 (2,254 SF), Suite 5 (1,844 SF), Suite 7 (984 SF), Suite 8 (2,570 SF); Apartments designed in 1924 by Hewitt & Emerson Architects; originally built as 34 studio apartments around 450 SF each; 18 studio units retained; remaining units combined into 8 one‑bedroom, one‑bath units and 2 two‑bedroom, two‑bath units
(309) 676-5660 Call to check price and availability
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