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    222 Monroe St Peoria, IL 61602

    Sponsored
    For Lease
    $11 SF/Yr

    Multiple Suites, 2,118 - 30,800 SF

    Lot size:
    219,375 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional office property, located at 222 NE Monroe Street in Peoria, Illinois, offers a variety of spaces to suit diverse business needs. The building boasts a total of 219,375 square feet, with four currently available suites ranging from a comfortable 2,118 square feet to a substantial 30,800 square feet. The property is classified as both Traditional and Executive Office space, catering to a wide range of businesses and occupancy requirements. Situated in Peoria County, with a convenient Peoria, IL 61602 zip code, this location provides excellent accessibility and visibility. The multiple tenancy structure allows for flexibility and potential for collaborative environments. This is a significant opportunity for businesses seeking established office space in a prime Peoria location. The building's substantial size and diverse suite options provide ample room for growth and expansion. Interested parties are encouraged to inquire about available suite sizes and lease terms. The property's central location within Peoria offers easy access to major transportation routes, amenities, and a thriving business community. This is an ideal opportunity to establish or expand your business in a well-established and highly sought-after area. The building's traditional and executive office space options provide a versatile solution for a variety of business types and sizes.

    Property Features for 222 Monroe St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    219,375 SF
    Total Rate
    201093.75

    Unit(s) available at that property

    Space
    1st Floor
    Size
    2,118 SF
    Rate per SF
    $11
    Space
    222 NE Monroe Street - 9th Fooor (2)
    Size
    3,333 SF
    Rate per SF
    $11
    Space
    222 Monroe - 8th Floor
    Size
    30,800 SF
    Rate per SF
    $11
    Space
    222 NE Monroe Street - 9th Floor
    Size
    2,392 SF
    Rate per SF
    $11

    HighLights

    • 1st Floor: 2,118 SF with private offices, open workspace, and a workroom.
    • 9th Floor: 2,392 SF with three private offices and an open office area.
    • 9th Floor: 3,333 SF with six private offices, conference room, break room, file room, and large open area.
    • 8th Floor: 30,800 SF full‑floor office suite.
    • On‑site management.
    • River and downtown Peoria views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stellar Systems, Inc. Computer Support And Services ARI Downtown Office Corporate Office The University Of Illinois College ... College N Touch Research Medical Group Amy Gregory Nurse Practitioner

    Suggested Use

    Restaurant Realty agency 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
    -89.5902063
    Latitude
    40.6958803

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    FAQs

    What type of property is this?
    Office Property / Space - Multiple Suites, 2,118 - 30,800 SF
    Where is this office property / space located?
    The property is located at 222 Monroe St Peoria, IL.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 1st Floor: 2,118 SF with private offices, open workspace, and a workroom.; 9th Floor: 2,392 SF with three private offices and an open office area.; 9th Floor: 3,333 SF with six private offices, conference room, break room, file room, and large open area.
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    222 Monroe 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
    222 Monroe St Peoria, IL 61602
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