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    419 Main St Peoria, IL 61602

    Sponsored
    For Lease
    $18 SF/Yr

    Class A Office Suites, River Views

    Lot size:
    229,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, located at 419 Main Street in Peoria, Illinois, offers a variety of flexible office spaces for lease. The 16-story building, constructed in 1993, boasts a total of 229,040 square feet, with 17,105 square feet currently vacant. The property is situated in Peoria County's Central Business District and provides stunning river views. Multiple tenancy options are available, catering to businesses of all sizes. Spaces range from a minimum of 193 square feet to a maximum contiguous space of 3,479 square feet, with eight spaces currently available. This building offers a prestigious address and a prime location for businesses seeking a thriving and convenient environment. The building's "A" classification reflects its high-quality construction, modern amenities, and excellent maintenance. Potential tenants will appreciate the building's strategic location, offering easy access to major transportation routes and a vibrant urban setting. Inquire today to explore the leasing opportunities and secure your ideal office space in this sought-after Peoria location. The zip code is 61602.

    Property Features for 419 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    229,040 SF
    Class
    A
    Total Rate
    343560

    Building Details

    Year Built
    1993
    Stories
    16

    Unit(s) available at that property

    Space
    Suite 103B3
    Size
    1,230 SF
    Rate per SF
    $18
    Space
    Suite 103B2
    Size
    193 SF
    Rate per SF
    $18
    Space
    Suite 110
    Size
    3,323 SF
    Rate per SF
    $18
    Space
    Suite 1110
    Size
    853 SF
    Rate per SF
    $18
    Space
    Suite 1130B
    Size
    1,513 SF
    Rate per SF
    $18
    Space
    Suite 108
    Size
    2,780 SF
    Rate per SF
    $18
    Space
    Suite 1000
    Size
    12,016 SF
    Rate per SF
    $18
    Space
    Suite 1650
    Size
    1,900 SF
    Rate per SF
    $18

    HighLights

    • 16‑story Class A office building
    • Suites ranging from 193 to 12,016 square feet
    • Stunning river views
    • On‑site parking available at $72 per day
    • $18 per square foot Modified Gross lease rate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.590915
    Latitude
    40.69311066

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Suites, River Views
    Where is this office property / space located?
    The property is located at 419 Main St Peoria, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 16-story Class A office building; Suites ranging from 193 to 12,016 square feet; Stunning river views
    Request Owner's contact information
    419 Main 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
    419 Main St Peoria, IL 61602
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