Spaces For Lease

at 701 Main St Contact us

Marquette Building

Floor

1

Size

714 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, Now

Sublease

No

- The Historic Marquette Building Apartments - 3 office spaces available on the 1st... floor: - Suite 3 – 714 sf - Suite 4 – 2,254 sf - Suite 5 – 1,844 sf - Suite 7 – 984 sf - Suite 8 – 2,570 sf - Inquiries regarding office and retail space should be directed to Huber Commercial. Inquiries regarding the apartments should be directed to Leman Property Management at (309) 692-7352 or via email at PeoriaRental@MidwestShelters.com - The Marquette Building Apartments were designed in 1924, by Hewitt & Emerson Architects. - This is the same group that designed the 416 Main St. Building and the Pere Marquette Hotel. - The building was originally constructed as 34 studio apartments, around 450 square feet each. - They are completely restored to meet the needs of today. 18 units were retained as originally designed Studios. - The balance of the units were combined to form 8 one bedroom, one bath units and 2 two bedroom, two bath units. - Rent includes hot water, cold water, sewer and free parking. - Most units have original hardwood floors, which have been refinished to a beautiful, natural oak shine. - The subway tile backsplashes, in the kitchens, give a retro look when combined with the granite counter tops and white shaker cabinets, along with black appliances. - All units have granite topped islands separating the kitchen from the living area. - Each has a walk-in closet or office and a small but attractive bathroom, with ceramic surround shower/tub and ceramic floors. - Heating and cooling costs should be low thanks to European style heat and cooling pump units, in each unit. - Technology has replaced the old 1924 phone lines with the latest in internet and data transmission cabling throughout the building. - The building entrance is accessed by card access proximity locks. - Visitors can be screened using your smartphone to view, speak and allow or deny entrance through the main building door. - Cameras record activity on all exterior sides of the building. - Located within in short walking distance to the University of Illinois College of Medicine & Unity Point Methodist Medical Center. - This makes a great location for medical students. - Sorry, while we are pet lovers ourselves, we don’t allow pets at these apartments.

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Listing Agency: Huber Commercial Inc. Show Phone

Listed By: Erikka Claerhout Show Phone

Source: Moodyscre

Added: Aug 26, 2024 Changed: Sep 9 Last Checked: Sep 13 at 10:11AM

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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

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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 Storage Facility Garden Center Auto Parts Store Real Estate Agency Locksmith Veterinary Clinic

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

439

Businesses Nearby

Explore this area Business Placement

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

$10.32 /SF/Yr

Avg Asking Price

$0.33–$16 /SF/Yr

Price Range

6,768 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