Renovated Loft Office
For Lease
$12.50 SF/Yr
311 Water St, Peoria, IL 61602
Second-floor office suite with private offices, conference room, open work area, and tenant-controlled HVAC.
Space Size2,565 SF
Property Size20,174 SF
Days on Market74
Property Features for 311 Water St
General Information
Standard status
Active
Size
2,565 SF
Class
B
Property subtype
Office - General Office
Amenities
tenant controlled HVAC
free 2 hour parking across the street
Building Details
Building Size
20,174 SF
Year Built
1900
Stories
4
Construction
exposed brick and timber
Tenancy
Multi
Spaces For Lease
at 311 Water St
Unit 206
$12.50/SF/Yr
Size
2,565 SF
Type
Office
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Listing Agency:
Joseph & Camper Commercial
Listed By:
Will Hayes · License #475122056
(309) 643-0717
Source:
Commercialcafe
Added: Jul 24
Changed: Sep 29
Last Checked: Oct 4 at 7:05AM
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 Joseph & Camper Commercial
Investment Insights
Based on property information with market context.
311 SW Water St is a renovated loft-style building with exposed brick and timber, high ceilings, and multiple floors of office and loft space. RC Outfitters occupies the first floor, while the second floor features office space; Units 204 and 206 are available for office use.
Unit 206 is a 2,565 SF second-floor office suite currently configured with two private offices, a conference room, and an open area for work stations, with tenant-controlled HVAC in place. Unit 204 provides three private offices with an open front area for a total of 991 SF. The spaces can be combined to create 3,556 SF of office area.
The building is adjacent to the Peoria Riverfront Museum & Caterpillar Visitor’s Center and is located in the heart of the Warehouse District, with free 2-hour parking available across the street.
Unit 206 is a 2,565 SF second-floor office suite currently configured with two private offices, a conference room, and an open area for work stations, with tenant-controlled HVAC in place. Unit 204 provides three private offices with an open front area for a total of 991 SF. The spaces can be combined to create 3,556 SF of office area.
The building is adjacent to the Peoria Riverfront Museum & Caterpillar Visitor’s Center and is located in the heart of the Warehouse District, with free 2-hour parking available across the street.
Key Highlights
- Second‑floor Unit 206: 2,565 SF office suite with two private offices, conference room, and open work‑station area
- Available October 1, 2023; currently occupied by a marketing firm
- Tenant‑controlled HVAC
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.88 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,050
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
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Market
Lease Benchmarks for Peoria, IL
$10.42 /SF/Yr
Avg Asking Price
$0.33–$16 /SF/Yr
Price Range
7,165 SF
Avg Space Size
This space is priced 20% above the average of $10.42 /SF/Yr.
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office suite with private offices, conference room, open work area, and tenant-controlled HVAC.
Where is this office units located?
The property is located at 311 Water St Peoria, IL.
What is the lease rate?
The lease rate is $12.50 SF/Yr.
What are key features of this property?
This property features: Second‑floor Unit 206: 2,565 SF office suite with two private offices, conference room, and open work‑station area; Available October 1, 2023; currently occupied by a marketing firm; Tenant‑controlled HVAC
