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311 Southwest Water Street Peoria, IL 61602

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For Sale
$3,500,000

Premier residential portfolio in Peoria's vibrant Warehouse District.

Type:Multifamily
Property size:
20,038 SF
Added:
Jan 28, 2026
Days on Market:
63
Last Refresh:
Mar 17 at 1:14 pm

Property Features for 311 Southwest Water Street

General Information

Standard status
Active
Size
20,038 SF
Property subtype
Multifamily

Building Details

Year Built
1900

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Listing Contact
Ryan Cannon

Listing agent Ryan Cannon License #471.020340

Listing office RE/MAX Traders Unlimited

Listing date Jan 28, 2026

Source Crexi

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 Traders Unlimited


Overview

Luxury Lofts in Waterfront Place

A premier residential portfolio is available within the Waterfront Place building, encompassing the entirety of the 3rd and 4th floors. This offering includes 23 luxury loft apartments, a usable 3rd-story rooftop deck, and building air rights. The property is situated in a renovated 1900 brick-and-timber warehouse, blending historic industrial charm with modern amenities. Located in the vibrant Peoria Warehouse District and bordering the Central Business District, the property is adjacent to the OSF IT Headquarters, the Peoria Riverfront Museum, and the Caterpillar Visitor’s Center. The property, with a size of 20038 square feet, is zoned B1 and located in the River Edge Redevelopment District. This location ensures a consistent demand from high-quality tenants.
Location Intelligence

Current Use by Public Records

Guardian Wealth Management Financial Advisor ShaZam Racing Consultant RC Outfitters Clothing & Fashion Store The Lofts at Waterfront Place Apartment Building Austin Engineering Land Surveyor

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.5909115
Latitude
40.6881704

FAQs

What type of property is this?
Apartment building - Premier residential portfolio in Peoria's vibrant Warehouse District.
Where is this apartment building located?
The property is located at 311 Southwest Water Street Peoria, IL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Entirety of the 3rd and 4th floors included, featuring 23 luxury loft apartments.; Located in the vibrant Peoria Warehouse District, bordering the Central Business District.; Includes a usable 3rd‑story rooftop deck.
More about this property
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