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Historic Mixed-Use Building

701 Main St, Peoria, IL 61602

For Lease
Contact for pricing

Restored apartments share the building with first-floor office suites and controlled-access entry.

Space Size2,570 SF
Days on Market837

Property Features for 701 Main St

General Information

Standard status Active
Size 2,570 SF
Net Rentable 714 SF
Property subtype OFFICE

Space & Availability

Available Space 714-2,570 SF
Floor 1
Space Use Office

Amenities

card access
security cameras
high-speed internet cabling

Building Details

Year Built 1924

Spaces For Lease

at 701 Main St
Marquette Building AVAILABLE, Now
Floor 1
Size 2,570 SF
Type OFFICE
Rate Contact for pricing
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.
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Listing Agency: Huber Commercial Inc.
Listed By: Erikka Claerhout
Source: Moodyscre
Added: Jul 26, 2024 Changed: Nov 9 Last Checked: Nov 8 at 8:49AM

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.

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Investment Insights

Based on property information with market context.

The Historic Marquette Building is a mixed-use property designed in 1924 by Hewitt & Emerson Architects. The building includes first-floor office suites ranging from 714 square feet to 2,570 square feet, along with restored apartment residences. The residential layout includes 18 studio apartments, 8 one-bedroom, one-bath units, and 2 two-bedroom, two-bath units.

Apartment interiors feature refinished original hardwood floors in most units, granite countertops, white shaker cabinets, black appliances, subway tile backsplashes, granite-topped kitchen islands, walk-in closets or offices, and ceramic bathrooms. European-style heat and cooling pump units serve each apartment, while updated internet and data cabling runs throughout the building. The entrance uses card-access proximity locks, smartphone-enabled visitor screening, and exterior security cameras. Apartment rent includes hot water, cold water, sewer, and free parking. The property is within short walking distance of the University of Illinois College of Medicine and UnityPoint Methodist Medical Center.

Key Highlights

  • First‑floor office suites range from 714 square feet to 2,570 square feet
  • 1924 building designed by Hewitt & Emerson Architects
  • Residential mix includes 18 studios, 8 one‑bedroom units, and 2 two‑bedroom units

Property Analytics

Who owns this building? See the owner, sales and loan history
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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

439
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Restored apartments share the building with first-floor office suites and controlled-access entry.
Where is this mixed-use property located?
The property is located at 701 Main St Peoria, IL.
What are key features of this property?
This property features: First‑floor office suites range from 714 square feet to 2,570 square feet; 1924 building designed by Hewitt & Emerson Architects; Residential mix includes 18 studios, 8 one‑bedroom units, and 2 two‑bedroom units
(309) 676-5660 Call to check price and availability
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