Renovated Loft Apartment
For Sale
Contact for pricing
311 SW WATER Street #3 & 4, Peoria, IL 61602
For sale opportunity offering the 3rd and 4th floors with 23 loft apartments plus a usable rooftop deck.
Days on Market182
Property Features for 311 SW WATER Street #3 & 4
General Information
Standard status
Active
Property subtype
Multifamily, Office, Retail
Zoning
B1
Additional Details
Multifamily Units
23
Amenities
rooftop deck
Building Details
Year Built
1900
Construction
brick and timber
Listing Agency:
Re/Max Traders Unlimited
Listed By:
Mark Ferrill · License #471020340
Source:
Crexi
Added: Jan 29
Changed: Jul 23
Last Checked: Jul 23 at 6:17AM
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.
This offering includes the entirety of the 3rd and 4th floors within the Waterfront Place building, totaling 23 loft apartments. The package also features a usable 3rd-story rooftop deck and building air rights. The property is housed in a renovated 1900 brick-and-timber warehouse, combining historic industrial character with modern finishes.
The building is located in the Peoria Warehouse District bordering the Central Business District. It is adjacent to the OSF IT Headquarters and near the Peoria Riverfront Museum and the Caterpillar Visitor’s Center. The property is zoned B1 and located in the River Edge Redevelopment District. Full financials are available with NDA.
The building is located in the Peoria Warehouse District bordering the Central Business District. It is adjacent to the OSF IT Headquarters and near the Peoria Riverfront Museum and the Caterpillar Visitor’s Center. The property is zoned B1 and located in the River Edge Redevelopment District. Full financials are available with NDA.
Key Highlights
- For sale portfolio includes the entire 3rd and 4th floors totaling 23 loft apartments in Waterfront Place.
- Usable 3rd‑story rooftop deck included.
- Building built in 1900 (brick‑and‑timber warehouse) and described as renovated.
Property Analytics
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
866
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
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Frequently Asked Questions
What type of property is this?
Apartment building - For sale opportunity offering the 3rd and 4th floors with 23 loft apartments plus a usable rooftop deck.
Where is this apartment building located?
The property is located at 311 SW WATER Street #3 & 4 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: For sale portfolio includes the entire 3rd and 4th floors totaling 23 loft apartments in Waterfront Place.; Usable 3rd‑story rooftop deck included.; Building built in 1900 (brick‑and‑timber warehouse) and described as renovated.
