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Historic Mixed-Use Building
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701 Main St, Peoria, IL 61602

Restored apartments share the building with first-floor office suites and controlled-access entry.

Space Size714 SF - 2,570 SF
Days on Market740

Property Features for 701 Main St

General Information

Standard status Active
Size 714 SF - 2,570 SF
Net Rentable 714 SF
Property subtype OFFICE

Space & Availability

Available Space 714-2,570 SF
Floor 1
Space Use Office

Amenities

card access
security cameras
high-speed internet cabling

Building Details

Year Built 1924
Listing Agency: Huber Commercial Inc.
Listed By: Erikka Claerhout
Source: Moodyscre
Added: Jul 26, 2024 Changed: Jul 31 Last Checked: Aug 3 at 12:34PM

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 is a mixed-use property designed in 1924 by Hewitt & Emerson Architects. The building includes first-floor office suites ranging from 714 square feet to 2,570 square feet, along with restored apartment residences. The residential layout includes 18 studio apartments, 8 one-bedroom, one-bath units, and 2 two-bedroom, two-bath units.

Apartment interiors feature refinished original hardwood floors in most units, granite countertops, white shaker cabinets, black appliances, subway tile backsplashes, granite-topped kitchen islands, walk-in closets or offices, and ceramic bathrooms. European-style heat and cooling pump units serve each apartment, while updated internet and data cabling runs throughout the building. The entrance uses card-access proximity locks, smartphone-enabled visitor screening, and exterior security cameras. Apartment rent includes hot water, cold water, sewer, and free parking. The property is within short walking distance of the University of Illinois College of Medicine and UnityPoint Methodist Medical Center.

Key Highlights

  • First‑floor office suites range from 714 square feet to 2,570 square feet
  • 1924 building designed by Hewitt & Emerson Architects
  • Residential mix includes 18 studios, 8 one‑bedroom units, and 2 two‑bedroom units

Property Analytics

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 Real Estate Agency HVAC Service Electrical Service Plumbing Service Law Firm Daycare Center

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

3,776
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?
Mixed-use property - Restored apartments share the building with first-floor office suites and controlled-access entry.
Where is this mixed-use property located?
The property is located at 701 Main St Peoria, IL.
What are key features of this property?
This property features: First‑floor office suites range from 714 square feet to 2,570 square feet; 1924 building designed by Hewitt & Emerson Architects; Residential mix includes 18 studios, 8 one‑bedroom units, and 2 two‑bedroom units
(309) 676-5660 Call to check price and availability
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