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Historic Entertainment Venue
For Sale
$3,900,000

400 Ne Perry Avenue, Peoria, IL 61603

Renovated historic theater with furnished interior, seating, and supporting banquet hall, bar, and commercial kitchen.

Property SizeContact for details
Days on Market53

Property Features for 400 Ne Perry Avenue

General Information

Standard status Active
Total Parking Spaces 120
Property subtype Commercial

Additional Details

Furnished Yes

Taxes and HOA fees

Annual Taxes $84,752

Amenities

state-of-the-art sound/light systems
pipe organ
banquet hall
hand-crafted bar
commercial kitchen
offices
meeting rooms
conference rooms
storage closets

Building Details

Year Built 1924
Listing Agency: Keller Williams Premier Realty
Listed By: Julie Bielfeldt (julie.bielfeldt@kw.com)
Source: Curveyrealestate
Added: Jun 30 Changed: Aug 8 Last Checked: Aug 21 at 7:56AM

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 Keller Williams Premier Realty

Investment Insights

Based on property information with market context.

This furnished, historically significant entertainment venue has been renovated while retaining original craftsmanship details. The grand theater seats 845 and provides total capacity of 905 with a standing room floor layout. The production systems include a Grand MA3 lighting console and an L-Acoustic sound system, supported by newly installed mechanicals and updated sound and light systems. The property also includes a banquet hall, a hand-crafted bar, and a commercial kitchen.

Additional interior areas include office space, meeting and conference rooms, and storage closets on each level. The building is listed on the National Register of Historic Places. For detailed equipment and operational specifications, a production specifications document is available, including items such as loading dock and rigging, lighting, sound, and related hardware.

With its theater seating capacity, banquet and event support spaces, and dedicated commercial kitchen, the layout is designed to support a full entertainment and event program in one property.

Key Highlights

  • Built in 1924, this renovated historic theater is listed on the National Register of Historic Places.
  • Grand theater seating for 845 and total capacity of 905 with the standing room floor layout.
  • Includes L‑Acoustic sound system and Grand MA3 lighting console for theater performances.

Property Analytics

Current Use

Valley of Peoria Scottish ... Volunteer Organization

Suggested Use

Top Pick Real Estate Agency Nail Salon Auto Parts Store Storage Facility Hair Salon Spa & Massage Center

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

3,715
Businesses Nearby
18k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 93% Electronics 5% Shops & Services 2%
Peoria Marriott Pere Marquette Hotels & Casinos
7,366 visits/mo 0.3 miles
Four Points by Sheraton Peoria Hotels & Casinos
5,062 visits/mo 0.2 miles
Courtyard Peoria Downtown Hotels & Casinos
4,461 visits/mo 0.3 miles
AT&T Electronics
870 visits/mo 0.4 miles
Red Carpet Car Wash Shops & Services
416 visits/mo 0.2 miles

Demographics for 61603, IL

15,503
Population
8,291
Households
1.9
Avg Household Size
33
Median Age
15%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
3,691
Density / Sq Mi
$40,405
Median Household Income
$29,084
Median Earnings
$976
Median Rent
$73,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Theater & concert hall - Renovated historic theater with furnished interior, seating, and supporting banquet hall, bar, and commercial kitchen.
Where is this theater & concert hall located?
The property is located at 400 Ne Perry Avenue Peoria, IL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Built in 1924, this renovated historic theater is listed on the National Register of Historic Places.; Grand theater seating for 845 and total capacity of 905 with the standing room floor layout.; Includes L‑Acoustic sound system and Grand MA3 lighting console for theater performances.
More about this property
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