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    101 Adams St Peoria, IL 61602

    For Lease
    $15 SF/Yr

    Prestigious Office Space Available

    Lot size:
    31,943 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    The Central Building, located at 101 SW Adams St, Peoria, IL 61602, offers 31,943 square feet of prime executive office space in a ten-story building. This multi-tenant property boasts a stunning marble-lined lobby with terrazzo floors, two main elevators, and a marble staircase. Individual suites range from 1,408 to 6,127 contiguous square feet, with a minimum divisible space of 3,416 square feet. Currently, the entire 31,943 square feet is vacant, presenting a unique opportunity for a single large tenant or multiple smaller occupants. The building features a prominent marble entrance, decorative cornices, and a blond brick exterior, situated at the intersection of Adams and Main Streets, directly across from the Peoria County Courthouse Square and diagonally from Caterpillar's and OSF Healthcare's headquarters. Many suites offer impressive views of the Peoria Riverfront and Illinois River Valley. Convenient parking is available in an adjacent parking deck with elevator and stair access to each floor, as well as on-street parking. The building's central location offers easy access to numerous restaurants and pubs. A generous build-out allowance and competitive pricing are available. The property also presents a rare opportunity for office condominium ownership, with many floors available for purchase. A space planner, designer, and in-house construction management team are available to facilitate a smooth and efficient move-in process.

    Property Features for 101 Adams St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,943 SF
    Total Rate
    41259.71

    Unit(s) available at that property

    Space
    2nd floor Suite 240
    Size
    3,416 SF
    Space
    3rd floor
    Size
    5,600 SF
    Space
    5th floor
    Size
    5,600 SF
    Rate per SF
    $15
    Space
    6th floor
    Size
    5,600 SF
    Space
    1st floor Suite 100
    Size
    6,127 SF
    Space
    Suite 210
    Size
    1,408 SF
    Rate per SF
    $15

    HighLights

    • 31,943 square feet of vacant executive office space in a ten‑story building at 101 SW Adams St, Peoria, IL.
    • Stunning marble lobby, two elevators, and marble staircase.
    • Suites range from 1,408 to 6,127 square feet, divisible to 3,416 square feet minimum.
    • Prime location across from Peoria County Courthouse Square, near Caterpillar and OSF Healthcare headquarters.
    • Convenient parking in adjacent deck and on‑street parking.
    • Office condominium ownership opportunity available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Raymond James Financial ... Financial Planner O'Flaherty Law of Peoria Family Law Attorney Prairie State Legal ... Law Firm National Labor Relations ... Federal Government Office Business Acumen Consulting, ... Corporate Office

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5900222
    Latitude
    40.6919572

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Office Space Available
    Where is this office property / space located?
    The property is located at 101 Adams St Peoria, IL.
    What is the lease rate?
    The lease rate is $0.00-$15 SF/Yr.
    What are key features of this property?
    This property features: 31,943 square feet of vacant executive office space in a ten-story building at 101 SW Adams St, Peoria, IL.; Stunning marble lobby, two elevators, and marble staircase.; Suites range from 1,408 to 6,127 square feet, divisible to 3,416 square feet minimum.
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    101 Adams St Peoria, IL 61602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Adams St Peoria, IL 61602
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