Two-Property Government Office
2001 NE Jefferson Avenue Peoria, IL 61603
2001 NE Jefferson Avenue, Peoria, IL, 61603
Contact for pricing
For Sale
Contact for pricing
Two government office buildings in Peoria are 100% occupied on gross leases with 2% annual rent escalations.
Property Size62,697 SF
Price / SF$99.29
Days on Market41
Property Features for 2001 NE Jefferson Avenue
General Information
- Standard status
- Active
- Size
- 62,697 SF
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing agency
Marcus & Millichap - Chicago Downtown
(312) 787-0666
Listed by
kevin calvanese · License #475.216743
Source
Crexi
Added: Jun 12 Updated: Jul 22 at 12:00PM Checked: Jul 22 at 12:00PM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
This portfolio includes two government office buildings totaling 62,697 square feet in Peoria. The first property at 2001 NE Jefferson Avenue is a 22,000-square-foot building constructed in 1950 on 0.46 acres. The second property at 607 N. Main Street is a 40,697-square-foot building constructed in 1972 on 0.57 acres. Both buildings are 100% occupied by state agencies under gross lease structures with 2% annual rent escalations.
The tenants are backed by the State of Illinois with a Fitch credit rating of “A-.” Lease expiration timing is staggered, with approximately 4.5 years remaining at 2001 NE Jefferson Avenue and approximately 3 years remaining at 607 N. Main Street.
Both properties are positioned along key arterial corridors in Peoria with direct connectivity to major transportation routes including Interstate 74. Jefferson Avenue borders the Fulton Plaza and Warehouse Districts, which the offering notes have seen ongoing revitalization, while Main Street provides access to major institutions including Bradley University, OSF HealthCare, and UnityPoint Health.
The tenants are backed by the State of Illinois with a Fitch credit rating of “A-.” Lease expiration timing is staggered, with approximately 4.5 years remaining at 2001 NE Jefferson Avenue and approximately 3 years remaining at 607 N. Main Street.
Both properties are positioned along key arterial corridors in Peoria with direct connectivity to major transportation routes including Interstate 74. Jefferson Avenue borders the Fulton Plaza and Warehouse Districts, which the offering notes have seen ongoing revitalization, while Main Street provides access to major institutions including Bradley University, OSF HealthCare, and UnityPoint Health.
Key Highlights
- Portfolio of two government office buildings in Peoria, IL: 2001 NE Jefferson Ave and 607 N. Main St
- 22,000 SF building built in 1950 on 0.46 acres at 2001 NE Jefferson Ave, 100% occupied under a gross lease
- 40,697 SF building built in 1972 on 0.57 acres at 607 N. Main St, 100% occupied under a gross lease
Property Analytics
Location Intelligence
Current Use by Public Records
Department of Children & Family ...
Social Service Agency
Davis Motors
Car Dealership
Quality Auto Source
Car Dealership
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FAQs
What type of property is this?
Office building - Two government office buildings in Peoria are 100% occupied on gross leases with 2% annual rent escalations.
Where is this office building located?
The property is located at 2001 NE Jefferson Avenue Peoria, IL.
What is the asking price?
The asking price for this property is $6,225,000.
What are key features of this property?
This property features: Portfolio of two government office buildings in Peoria, IL: 2001 NE Jefferson Ave and 607 N. Main St; 22,000 SF building built in 1950 on 0.46 acres at 2001 NE Jefferson Ave, 100% occupied under a gross lease; 40,697 SF building built in 1972 on 0.57 acres at 607 N. Main St, 100% occupied under a gross lease
