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Interconnected Three-Story Mixed-Use Property
For Sale
$600,000

309-313 Main Street, Peoria, IL 61602

Downtown commercial property combining retail, restaurant, office, residential, and theatre configurations across connected buildings.

Property Size21,915 SF
Price / SF$27.38
Days on Market193

Property Features for 309-313 Main Street

General Information

Standard status Active
Size 21,915 SF
Class B
Property subtype Multi Tenant Office

Additional Details

Road Access Yes
Sprinkler System Yes

Building Details

Building Size 21,915 SF
Year Built 1910
Buildings 2
Tenancy Multi
Listing Agency: Joseph & Camper Commercial
Listed By: Will Hayes · License #475122056
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 29 Last Checked: Aug 29 at 2:18PM

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 Joseph & Camper Commercial

Investment Insights

Based on property information with market context.

This mixed-use commercial property includes two interconnected three-story buildings and an underground bar/restaurant. The approximately 21,915 SF offering is configured for several commercial and specialty uses, including retail, restaurant, office, residential, and theatre space. A sprinkler system serves the buildings, which connect to a rear parking deck.

The property occupies a Main Street location in Downtown Peoria, directly across from the Peoria County Courthouse. Current occupants include the Law offices of the Leiter Group and [CxT] Roasting Company. Built in 1910, the property combines multiple building components and established occupancy within a downtown setting.

Key Highlights

  • Two interconnected three‑story buildings with approximately 21,915 SF combined
  • Underground bar/restaurant included in the property
  • Existing configurations for retail, restaurant, office, residential, and theatre uses

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Storage Facility Auto Parts Store Garden Center Grocery & Convenience Store Acupuncture Carpet & Flooring Store

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

Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,916
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 - Downtown commercial property combining retail, restaurant, office, residential, and theatre configurations across connected buildings.
Where is this mixed-use property located?
The property is located at 309-313 Main Street Peoria, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two interconnected three‑story buildings with approximately 21,915 SF combined; Underground bar/restaurant included in the property; Existing configurations for retail, restaurant, office, residential, and theatre uses
More about this property
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