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Turn-Key Office Space with Open Plans
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401 SW Water St, Peoria, IL 61602

Turn-key office space with ADA compliance, ample on-site parking, and fiber optic data communications on every floor.

Property Size4,235 SF
Days on Market1721

Property Features for 401 SW Water St

General Information

Standard status Active
Size 4,235 SF
Property subtype OFFICE

Additional Details

Highway Access Yes

Amenities

open floor plans
ample on-site parking
excess floor load capacity
ADA compliant
fiber optic data communications
back-up power
special cooling accommodations
Listing Agency: Huber Commercial Inc.
Listed By: Erikka Claerhout
Source: Moodyscre
Added: Nov 12, 2021 Changed: Jul 26 Last Checked: Jul 30 at 9:34AM

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.

This turn-key office space is designed with ADA compliance in mind and features open floor plans up to 12,000 square feet per floor. The building also includes fiber optic data communications on every floor, excess floor load capacity, and special needs accommodations such as backup power and special cooling.

The property is located at 401 SW Water Street in Downtown Peoria, with access to Interstate access just seconds away. The offering also includes ample on-site parking for employees and visitors.

Key Highlights

  • Turn‑key office space at 401 Water seconds from Interstate access
  • Open floor plans up to 12,000 sq. ft. per floor
  • ADA compliant and includes ample on‑site parking

Property Analytics

Current Use

Accenture Business Management Consultant Hard Money Lenders ... Loan Service Dr. Mary T. ... Physician Jason Stringer, D.O. Physician FedEx Drop Box Postal Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service Florist Acupuncture Locksmith

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
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,195
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 - Turn-key office space with ADA compliance, ample on-site parking, and fiber optic data communications on every floor.
Where is this office units located?
The property is located at 401 SW Water St Peoria, IL.
What are key features of this property?
This property features: Turn‑key office space at 401 Water seconds from Interstate access; Open floor plans up to 12,000 sq. ft. per floor; ADA compliant and includes ample on‑site parking
(309) 676-5660 Call to check price and availability
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