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    701 Main St Peoria, IL 61602

    Sponsored
    For Lease
    $16 SF/Yr

    Historic Downtown Peoria Office Space

    Lot size:
    6,522 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    701 Main Street offers unique creative office spaces in a beautifully preserved historic building. This Peoria County property, originally designed in 1924 by Hewitt & Emerson Architects (also responsible for the 416 Main St. Building and the Pere Marquette Hotel), boasts multiple tenancy options ranging from 714 square feet to 2,570 square feet. Four individual spaces are currently available, providing flexibility for businesses of various sizes. The building's character is enhanced by its convenient location in downtown Peoria, offering easy access to local amenities and businesses. Ample parking is available in the rear lot, supplemented by on-street metered parking. This is a rare opportunity to secure office space in a landmark building with a rich history and practical modern conveniences. The building's architectural details and prime location combine to create a prestigious and inspiring work environment. The available spaces are ideal for businesses seeking a unique and character-filled office setting in the heart of Peoria. Contact the property owner for more information and to schedule a viewing. This is a multiple-tenancy building, with several spaces available for lease. The building's history and architectural significance make it a desirable location for businesses seeking a distinctive address.

    Property Features for 701 Main St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,522 SF

    Unit(s) available at that property

    Space
    Suite 4
    Size
    2,254 SF
    Rate per SF
    $16
    Space
    Suite 8
    Size
    2,570 SF
    Rate per SF
    $16
    Space
    Suite 3
    Size
    714 SF
    Rate per SF
    $16
    Space
    Suite 7
    Size
    984 SF
    Rate per SF
    $16

    HighLights

    • 701 Main Street, Peoria County, IL: Creative Office space available.
    • Multiple tenants, with 4 spaces ranging from 714 to 2,570 square feet.
    • Located in a historic building (1924 construction).
    • On‑site and street parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jackson Donald R Attorney Marquette Apartments Apartment Building Gelia Marcom & Martech Marketing Agency Pristine Custom Wood ... Furniture Maker Pinnacle Security Services ... Security Guard Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5939809
    Latitude
    40.6957524

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    FAQs

    What type of property is this?
    Office space - Historic Downtown Peoria Office Space
    Where is this office space located?
    The property is located at 701 Main St Peoria, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 701 Main Street, Peoria County, IL: Creative Office space available.; Multiple tenants, with 4 spaces ranging from 714 to 2,570 square feet.; Located in a historic building (1924 construction).
    Request Owner's contact information
    701 Main St Peoria, IL 61602
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    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
    701 Main St Peoria, IL 61602
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