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Multi-Suite Office Building
For Lease
$18 SF/Yr Modified Gross

401 Main Street, Peoria, IL 61602

16-story office building with multiple available suites and onsite parking for convenient tenant access.

Space Size1,230 SF - 4,300 SF
Property Size229,040 SF
Days on Market49

Property Features for 401 Main Street

General Information

Standard status Active
Size 1,230 SF - 4,300 SF
Class A
Property subtype Office
Lease Term MG; Gross

Building Details

Building Size 229,040 SF
Year Built 1993
Stories 16

Spaces For Lease

at 401 Main Street Contact us

10th Floor $18/SF/Yr

Size
2,500 SF
Term
Negotiable
Contact us

10th Floor $18/SF/Yr

Size
4,300 SF
Term
Negotiable
Contact us

Suite 103B3 $18/SF/Yr

Size
1,230 SF
Term
Negotiable
Contact us

Suite 108 $18/SF/Yr

Size
2,780 SF
Term
Negotiable
Contact us

Suite 110 $18/SF/Yr

Size
3,323 SF
Term
Negotiable
Contact us

Suite 1110 $18/SF/Yr

Size
3,501 SF
Term
Negotiable
Contact us

Suite 1130B $18/SF/Yr

Size
1,513 SF
Term
Negotiable
Contact us

Suite 1650 $18/SF/Yr

Size
1,900 SF
Term
Negotiable
Contact us
Listing Agency: Maloof Commercial Real Estate
Listed By: Zac Maloof · License #IL #475.139281
Source: Maloofcom
Added: Jun 25 Changed: Aug 8 Last Checked: Aug 12 at 3:47AM

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 Maloof Commercial Real Estate

Investment Insights

Based on property information with market context.

This 16-story office building offers a selection of six available suites. Suite sizes range from approximately 1,200 to 3,501 square feet, providing options for a variety of office requirements.

The property is located at 401 Main Street in Peoria, Illinois. The building is described as having river views, and onsite parking is available for tenants at an indicated rate of $72 per month.

For businesses seeking flexible office space within a multi-suite tower, the current suite availability and onsite parking can support everyday operations. The lease terms are noted as a modified gross structure at $18.00 per square foot, offering a straightforward framework for occupancy planning.

Key Highlights

  • 16‑story office building with six available suites totaling 1,200 to 3,500 SF
  • Lease rate: $18.00 per SF (gross; modified gross noted in remarks)
  • Several smaller suites available in addition to larger suite options (1,200–3,500 SF)

Property Analytics

Current Use

Coinstar Big Box & Wholesale Store Becker Companies General Contractor Coletta Robert J Law Firm Charles J Urban, ... Law Firm Veterans Affairs Department Veterans Affairs Department

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store HVAC Service Electrical Service Real Estate Agency Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

3,038
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - 16-story office building with multiple available suites and onsite parking for convenient tenant access.
Where is this office building located?
The property is located at 401 Main Street Peoria, IL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 16‑story office building with six available suites totaling 1,200 to 3,500 SF; Lease rate: $18.00 per SF (gross; modified gross noted in remarks); Several smaller suites available in addition to larger suite options (1,200–3,500 SF)
More about this property
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