Restored Historic Apartment
For Lease
Contact for pricing
701 Main St, Peoria, IL 61602
Restored 1924 building offers apartments plus multiple first-floor office suites, with rent including utilities and free parking.
Property Size984 SF
Days on Market704
Property Features for 701 Main St
General Information
Standard status
Active
Size
984 SF
Property subtype
OFFICE
Units
Multifamily Units
28
Office Units
3
Amenities
card access
video intercom
security cameras
high-speed internet/data cabling
Building Details
Year Built
1924
Listing Agency:
Huber Commercial Inc.
(309) 676-5660
Listed By:
Erikka Claerhout
(309) 676-5660
Source:
Moodyscre
Added: Aug 26, 2024
Changed: Jul 28
Last Checked: Jul 30 at 2:38PM
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 offer restored studio, one-bedroom, and two-bedroom units originally designed in 1924 by Hewitt & Emerson Architects. The building has been completely restored and retains 18 original studios, while the remaining units were combined into eight one-bedroom, one-bath units and two two-bedroom, two-bath units. Many apartments feature refinished original hardwood floors, subway tile backsplashes, granite countertops with white shaker cabinets and black appliances, and granite-topped islands separating the kitchen from the living area. Each unit includes a walk-in closet or office space and a small bathroom with ceramic surround shower/tub and ceramic floors. Heating and cooling are supported by European style heat and cooling pump units, and technology updates replaced 1924 phone lines with modern internet and data cabling throughout. Building entry uses card-access proximity locks, with smartphone screening for visitors and exterior camera coverage.
First-floor office suites are also available within the same building: Suite 3 (714 sf), Suite 4 (2,254 sf), Suite 5 (1,844 sf), Suite 7 (984 sf), and Suite 8 (2,570 sf). The property is within walking distance of the University of Illinois College of Medicine and UnityPoint Methodist Medical Center.
Rent includes hot water, cold water, sewer, and free parking. No pets are allowed at these apartments.
First-floor office suites are also available within the same building: Suite 3 (714 sf), Suite 4 (2,254 sf), Suite 5 (1,844 sf), Suite 7 (984 sf), and Suite 8 (2,570 sf). The property is within walking distance of the University of Illinois College of Medicine and UnityPoint Methodist Medical Center.
Rent includes hot water, cold water, sewer, and free parking. No pets are allowed at these apartments.
Key Highlights
- Historic Marquette Building Apartments designed in 1924 by Hewitt & Emerson Architects
- Restored building retains 18 original studio units plus 8 one‑bedroom/1‑bath and 2 two‑bedroom/2‑bath units
- Rent includes hot water, cold water, sewer, and free parking
Property Analytics
Current Use
Lease Details
3
Office units
28
Residential units
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
3,776
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
$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
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Frequently Asked Questions
What type of property is this?
Office units - Restored 1924 building offers apartments plus multiple first-floor office suites, with rent including utilities and free parking.
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 designed in 1924 by Hewitt & Emerson Architects; Restored building retains 18 original studio units plus 8 one‑bedroom/1‑bath and 2 two‑bedroom/2‑bath units; Rent includes hot water, cold water, sewer, and free parking
