Building Details

Year Built 1924

Spaces For Lease

at 701 Main St Contact us

Marquette Building

Floor

1

Size

984 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, Now

Sublease

No

- The Historic Marquette Building Apartments - 3 office spaces available on the 1st... floor: - Suite 3 – 714 sf - Suite 4 – 2,254 sf - Suite 5 – 1,844 sf - Suite 7 – 984 sf - Suite 8 – 2,570 sf - Inquiries regarding office and retail space should be directed to Huber Commercial. Inquiries regarding the apartments should be directed to Leman Property Management at (309) 692-7352 or via email at PeoriaRental@MidwestShelters.com - The Marquette Building Apartments were designed in 1924, by Hewitt & Emerson Architects. - This is the same group that designed the 416 Main St. Building and the Pere Marquette Hotel. - The building was originally constructed as 34 studio apartments, around 450 square feet each. - They are completely restored to meet the needs of today. 18 units were retained as originally designed Studios. - The balance of the units were combined to form 8 one bedroom, one bath units and 2 two bedroom, two bath units. - Rent includes hot water, cold water, sewer and free parking. - Most units have original hardwood floors, which have been refinished to a beautiful, natural oak shine. - The subway tile backsplashes, in the kitchens, give a retro look when combined with the granite counter tops and white shaker cabinets, along with black appliances. - All units have granite topped islands separating the kitchen from the living area. - Each has a walk-in closet or office and a small but attractive bathroom, with ceramic surround shower/tub and ceramic floors. - Heating and cooling costs should be low thanks to European style heat and cooling pump units, in each unit. - Technology has replaced the old 1924 phone lines with the latest in internet and data transmission cabling throughout the building. - The building entrance is accessed by card access proximity locks. - Visitors can be screened using your smartphone to view, speak and allow or deny entrance through the main building door. - Cameras record activity on all exterior sides of the building. - Located within in short walking distance to the University of Illinois College of Medicine & Unity Point Methodist Medical Center. - This makes a great location for medical students. - Sorry, while we are pet lovers ourselves, we don’t allow pets at these apartments.

show more

Contact us

Listing Agency: Huber Commercial Inc. Show Phone

Listed By: Erikka Claerhout Show Phone

Source: Moodyscre

Added: Aug 26, 2024 Changed: Sep 7 Last Checked: Sep 13 at 10:11AM

Report an Issue

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.

The Historic Marquette Building Apartments offer restored studio, one-bedroom, and two-bedroom units originally designed in 1924 by Hewitt & Emerson Architects. The building has been completely restored and retains 18 original studios, while the remaining units were combined into eight one-bedroom, one-bath units and two two-bedroom, two-bath units. Many apartments feature refinished original hardwood floors, subway tile backsplashes, granite countertops with white shaker cabinets and black appliances, and granite-topped islands separating the kitchen from the living area. Each unit includes a walk-in closet or office space and a small bathroom with ceramic surround shower/tub and ceramic floors. Heating and cooling are supported by European style heat and cooling pump units, and technology updates replaced 1924 phone lines with modern internet and data cabling throughout. Building entry uses card-access proximity locks, with smartphone screening for visitors and exterior camera coverage.

First-floor office suites are also available within the same building: Suite 3 (714 sf), Suite 4 (2,254 sf), Suite 5 (1,844 sf), Suite 7 (984 sf), and Suite 8 (2,570 sf). The property is within walking distance of the University of Illinois College of Medicine and UnityPoint Methodist Medical Center.

Rent includes hot water, cold water, sewer, and free parking. No pets are allowed at these apartments.

Key Highlights

• Historic Marquette Building Apartments designed in 1924 by Hewitt & Emerson Architects
• Restored building retains 18 original studio units plus 8 one‑bedroom/1‑bath and 2 two‑bedroom/2‑bath units
• Rent includes hot water, cold water, sewer, and free parking

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Jackson Donald R Law Firm Marquette Apartments Apartment Building Gelia Marcom & Martech Advertising Agency Pristine Custom Wood ... Production Facility Pinnacle Security Services ... Security Service

Suggested Use

Top Pick Storage Facility Garden Center Auto Parts Store Real Estate Agency Locksmith Veterinary Clinic

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

3

Office units

28

Residential units

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

439

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

Lease Benchmarks for Peoria, IL

$10.32 /SF/Yr

Avg Asking Price

$0.33–$16 /SF/Yr

Price Range

6,768 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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the lease rate? Find similar properties What are key features of this property?

Similar For Rent Nearby

Renovated Loft Office Suite

311 Water St, Peoria, IL 61602

$12.50 SF/Yr

2,565 sqft

View details

Office/Retail Space with Large Windows

2014-2016 N. Knoxville Ave., Peoria, IL 61603

$10 SF/Yr

2,723 sqft

View details

High-Visibility Retail and Office Units

1301 W Pioneer Pkwy, Peoria, IL 61615

$10 SF/Yr

3,500 sqft

View details

Flexible Retail Space

8809 N Allen Rd, Peoria, IL 61615

$25 SF/Yr

3,500 sqft

View details

Flex Space with Overhead Door

2220 West Townline Road, Peoria, IL 61615

$11 SF/Yr

6,960 sqft

View details

Professional Office Unit

3008 W Willow Knolls Dr, Peoria, IL 61614

$12 SF/Yr

6,991 sqft

View details

Retail Space with Showroom

7719 North Grand Prairie Drive, Peoria, IL 61615

$23 SF/Yr

1,850 sqft

View details

Drive-Through Retail Restaurant

435 South Western Avenue, Peoria, IL 61605

$14 SF/Yr

3,057 sqft

View details

3rd-Floor Office Suite with Private Offices

456 Fulton St, Unit 398, Peoria, IL 61602

$7 SF/Yr

1,200 sqft

View details

Office Unit with Private Offices

1230 W Candletree, Peoria, IL 61614

$9 SF/Yr

1,510 sqft

View details

Office Suite with Lobby and Offices

322 E. War Memorial Dr., Peoria, IL 61614

$750/Mo

928 sqft

View details

Freestanding Restaurant with Brewery Area

230 Conference Center Drive, East, Peoria, IL 61611

$20 SF/Yr

9,135 sqft

View details

Frequently Asked Questions

What type of property is this?

Office units - Restored 1924 building offers apartments plus multiple first-floor office suites, with rent including utilities and free parking.

Where is this office units located?

The property is located at 701 Main St Peoria, IL.

What are key features of this property?

This property features: Historic Marquette Building Apartments designed in 1924 by Hewitt & Emerson Architects; Restored building retains 18 original studio units plus 8 one‑bedroom/1‑bath and 2 two‑bedroom/2‑bath units; Rent includes hot water, cold water, sewer, and free parking