Luxury Lofts in Waterfront
For Sale
Contact for pricing
Pending
311 Southwest Water Street, Peoria, IL 61602
Premier residential portfolio in Peoria's vibrant Warehouse District.
Property Size20,038 SF
Days on Market204
Property Features for 311 Southwest Water Street
General Information
Standard status
Pending
Size
20,038 SF
Property subtype
Multifamily
Zoning
B1
Building Details
Year Built
1900
Year Renovated
2004
Buildings
2
Stories
4
Units
23
Listing Agency:
RE/MAX Traders Unlimited
Listed By:
Ryan Cannon · License #471.020340
Source:
Crexi
Added: Jan 28
Changed: Aug 12
Last Checked: Aug 12 at 10:30AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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.
