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Turnkey Downtown Office Space
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401 SW Water St, Peoria, IL 61602

Turnkey office space with ADA compliance, ample on-site parking, and open floor plans up to 12,000 sq. ft. per floor.

Property Size2,200 SF
Days on Market1136

Property Features for 401 SW Water St

General Information

Standard status Active
Size 2,200 SF
Property subtype OFFICE

Additional Details

Condition Turnkey
Highway Access Yes

Amenities

on-site parking
fiber optic data communications
excess floor load capacity
ADA compliant
back-up power
special cooling accommodations
Listing Agency: Huber Commercial Inc.
Listed By: Erikka Claerhout
Source: Moodyscre
Added: Jun 21, 2023 Changed: Jul 29 Last Checked: Jul 29 at 3:23AM

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.

Located at 401 SW Water St, this turnkey office space is designed for tenant customization. The building offers open floor plans up to 12,000 square feet per floor, with ADA-compliant features throughout. Fiber optic data communications are available on every floor, and the space addresses special needs such as backup power and special cooling accommodations.

The property provides ample on-site parking and is positioned just seconds from Interstate access for convenient arrival and shipping access.

Additional building considerations include excess floor load capacity, supporting a broader range of office improvements and operating requirements.

Key Highlights

  • Turn‑key office space with open floor plans up to 12,000 SF per floor
  • ADA compliant space
  • Ample on‑site parking for employees and visitors

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

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 building - Turnkey office space with ADA compliance, ample on-site parking, and open floor plans up to 12,000 sq. ft. per floor.
Where is this office building 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 with open floor plans up to 12,000 SF per floor; ADA compliant space; Ample on‑site parking for employees and visitors
(309) 676-5660 Call to check price and availability
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