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Mixed-Use Property With Theater
For Sale
$599,000

311 Main Street, Peoria, IL 61602

Interconnected historic buildings combine commercial, residential, and entertainment uses with established office and coffee tenants.

Property Size21,915 SF
Days on Market146

Property Features for 311 Main Street

General Information

Standard status Active
Size 21,915 SF
Property subtype Office
Zoning B-1

Building Details

Building Size 21,915 SF
Year Built 1910
Listing Agency: RE/MAX
Listed By: Jessica Ball · License #475175281
Source: Remaxcommercial
Added: Apr 8 Changed: Aug 30 Last Checked: Aug 30 at 11:16AM

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 RE/MAX

Investment Insights

Based on property information with market context.

This mixed-use complex comprises two interconnected three-story buildings totaling 21,915 SF. Built in 1910, the property combines retail, restaurant, theater, office, and residential areas, with a specialized theater venue serving as a central component. Building features include full sprinkler coverage, a lower-level bar and restaurant, and direct connection to a rear parking deck. The property is offered as-is, where-is, without guarantees.

The complex occupies a downtown Main Street location directly across from the Peoria County Courthouse. Existing occupants include Leiter Group law offices and CxT Roasting Company at 309 Main Street. The property carries B-1 zoning and is within PUEZ #9, the Peoria Urban Enterprise Zone identified for potential development incentives.

Key Highlights

  • 21,915 SF mixed‑use complex in two interconnected three‑story buildings
  • Built in 1910 with retail, restaurant, theater, office, and residential areas
  • Specialized theater venue included within the property

Property Analytics

Current Use

Land Title Professionals Title Company Apollo Theatre Theater & Performing Art Venue Richard's On Main Restaurant Cracked Pepper Restaurant Something else 2 ... Restaurant

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Spa & Massage Center Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

110
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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Interconnected historic buildings combine commercial, residential, and entertainment uses with established office and coffee tenants.
Where is this mixed-use property located?
The property is located at 311 Main Street Peoria, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 21,915 SF mixed‑use complex in two interconnected three‑story buildings; Built in 1910 with retail, restaurant, theater, office, and residential areas; Specialized theater venue included within the property
More about this property
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