Loft Apartment Portfolio with Rooftop
311 Sw Water Street Unit #3 & 4 Peoria, IL 61602
311 Sw Water Street Unit #3 & 4, Peoria, IL, 61602
$3,500,000
For Sale
$3,500,000
Own 23 loft apartments across the 3rd and 4th floors with a usable rooftop deck and available air rights.
Days on Market28
Property Features for 311 Sw Water Street Unit #3 & 4
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
RE/MAX Traders Unlimited
Listed by
Mark Ferrill ([email protected])
Source
Davisrealtor
Added: Jun 25 Updated: Jul 10 at 2:07PM Checked: Jul 22 at 4:48AM
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 presents a residential portfolio within the Waterfront Place building, comprising the entirety of the 3rd and 4th floors, which together include 23 luxury loft apartments. The property also includes a usable 3rd-story rooftop deck and building air rights. Set within a renovated 1900 brick-and-timber warehouse, the building combines historic industrial character with modern residential amenities.
The asset is located in the Peoria Warehouse District, bordering the Central Business District, and is in the River Edge Redevelopment District. It is zoned B1. The building sits adjacent to the OSF IT Headquarters, the Peoria Riverfront Museum, and the Caterpillar Visitor’s Center.
For investors or operators seeking a multi-unit residential holding, this structure provides a defined purchase scope focused on the upper floors, along with outdoor amenity space on the 3rd-story rooftop deck. The included air rights may also support future planning within the parameters of applicable approvals. Full financials are available with NDA.
The asset is located in the Peoria Warehouse District, bordering the Central Business District, and is in the River Edge Redevelopment District. It is zoned B1. The building sits adjacent to the OSF IT Headquarters, the Peoria Riverfront Museum, and the Caterpillar Visitor’s Center.
For investors or operators seeking a multi-unit residential holding, this structure provides a defined purchase scope focused on the upper floors, along with outdoor amenity space on the 3rd-story rooftop deck. The included air rights may also support future planning within the parameters of applicable approvals. Full financials are available with NDA.
Key Highlights
- Residential portfolio in Waterfront Place includes 23 loft apartments on the 3rd and 4th floors
- Usable 3rd‑story rooftop deck included
- Building air rights included
Property Analytics
Property Profile
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
Civil Engineer
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Own 23 loft apartments across the 3rd and 4th floors with a usable rooftop deck and available air rights.
Where is this multifamily property located?
The property is located at 311 Sw Water Street Unit #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: Residential portfolio in Waterfront Place includes 23 loft apartments on the 3rd and 4th floors; Usable 3rd‑story rooftop deck included; Building air rights included
