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Office Unit with Fiber Connectivity
For Lease
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401 SW Water St, Peoria, IL 61602

ADA-compliant office space with on-site parking, open-plan flexibility, and specialized power and cooling accommodations.

Space SizeContact for details
Property Size5,700 SF
Days on Market628

Property Features for 401 SW Water St

General Information

Standard status Active
Size 5,700 SF
Property subtype OFFICE

Space & Availability

Space Use Office
Condition Turnkey

Additional Details

Highway Access Yes

Amenities

on-site parking
excess floor load capacity
ADA compliant
fiber optic data communications
back-up power
special cooling accommodations
Listing Agency: Huber Commercial Inc.
Listed By: Erikka Claerhout
Source: Moodyscre
Added: Nov 13, 2024 Changed: Jul 31 Last Checked: Aug 3 at 11:44AM

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 Huber Commercial Inc.

Investment Insights

Based on property information with market context.

This 5,700-square-foot office unit at 401 Water offers open-plan space with layouts available up to 12,000 square feet per floor. The property is ADA compliant and includes excess floor load capacity, supporting a range of office operations and specialized requirements. Fiber optic data communications are available on every floor, with back-up power and special cooling accommodations available for specific needs.

The property is located in Downtown Peoria, seconds from Interstate access, and provides ample on-site parking. The space is available for lease and can be customized to tenant specifications.

Key Highlights

  • 5,700 square feet of office space
  • Open floor plans up to 12,000 square feet per floor
  • Fiber optic data communications available on every floor

Property Analytics

Current Use

Accenture Business Management Consultant Hard Money Lenders ... Loan Service Dr. Mary T. ... Physician Jason Stringer, D.O. Physician FedEx Drop Box Postal Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service Florist Acupuncture Locksmith

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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,195
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

Lease Benchmarks for Peoria, IL

$19.24 /SF/Yr
Avg Asking Price
$7–$107 /SF/Yr
Price Range
6,209 SF
Avg Space Size

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 units - ADA-compliant office space with on-site parking, open-plan flexibility, and specialized power and cooling accommodations.
Where is this office units located?
The property is located at 401 SW Water St Peoria, IL.
What are key features of this property?
This property features: 5,700 square feet of office space; Open floor plans up to 12,000 square feet per floor; Fiber optic data communications available on every floor
(309) 676-5660 Call to check price and availability
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